The pair GBP/USD is likely to grow. Estimated pivot point is at a level of 1.2008.
Main scenario: long positions will be relevant from corrections above the level of 1.2008 with a target of 1.2543 – 1.2704.
Alternative scenario: Breakout and consolidation below the level of 1.2008 will allow the pair to continue declining to the levels of 1.1900 – 1.1800.
Analysis: Supposedly, the descending correction of senior level in the form of the second wave (2) finished developing on the daily frame in the form of a zigzag. The fifth wave of junior level v of C finished developing…
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