The pair GBP/USD is still likely to fall Estimated pivot point is at a level of 1.2211.
Main scenario: short positions will be relevant from corrections below the level of 1.2211 with a target of 1.1900 – 1.1800.
Alternative scenario: breakout and consolidation above the level of 1.2211 will allow the pair to continue the rise up to the levels of 1.2360 – 1.2554.
Analysis: Supposedly, a descending correction of senior level carries on developing in the form of the zigzag-shaped second wave (2) on the D1 frame. A bearish impulse is developing as wave С of (2) on the…
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