Correction is completed, the pair GBP/USD is likely to continue growing. Estimated pivot point is at a level of 1.2508.
Main scenario: long positions will be relevant from corrections above the level of 1.2508 with a target of 1.3178 – 1.3377.
Alternative scenario: Breakout and consolidation below the level of 1.2508 will allow the pair to continue declining to the levels of 1.2241 – 1.2101.
Analysis: Supposedly, a descending correction of senior level in the form of the second wave (2) finished developing on the D1 frame in the form of a zigzag and the wave (3) started developing. On…
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