The pair GBP/USD is still likely to fall. Estimated pivot point is at a level of 1.3513.
Main scenario: short positions will be relevant from corrections below the level of 1.3513 with a target of 1.2735 – 1.2546.
Alternative scenario: breakout and consolidation above the level of 1.3513 will allow the pair to continue the rise up to the levels of 1.3800 – 1.4378.
Analysis: Supposedly, a descending correction of senior level in the form of a zigzag-shaped second wave (2) finished developing on the daily time frame. On the H4 time frame, wave (3) has started forming, with the…
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