The pair GBP/USD remains likely to fall. Estimated pivot point is at a level of 1.3070.
Main scenario: short positions should be considered from corrections below the level of 1.3070 with a target of 1.2735 – 1.2551.
Alternative scenario: breakout and consolidation above the level of 1.3070 will allow the pair to continue the rise up to the levels of 1.3211 – 1.3514.
Analysis: Supposedly, a descending correction of senior level finished developing on the daily time frame in the form of the second wave 2 and wave (3) has started to develop. On the H4 time frame, supposedly, the...
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