Hello, have a nice sunday to everyone. My analysis for today hope to be in reality.
[b]Wave analysis and forecast for GBPUSD: [/b]Uptrend continues.
[b]Estimated pivot point is at the level of 1.2906.
Analysis: [/b]Presumably, the formation of the fifth wave of the senior level continues on the four-hour timeframe. At the moment, it is likely that the formation of the upward impetus as the wave i of 5, continues. If this assumption is correct the pair can continue to rise up to 1.3150. Critical level for this scenario is 1.2906.
[b]Alternative scenario: [/b]Breakdown and consolidation of the price below the level of 1.2906 will trigger further decline in the pair to 1.2704.
[b]Buy the pair from correction above the level of 1.2906 with the target of 1.3150. In case of breakdown of the level of 1.2906 sell with the target of 1.2704.[/b]
[b]Wave analysis and forecast for GBPUSD: [/b]Uptrend continues.
[b]Estimated pivot point is at the level of 1.2906.
Analysis: [/b]Presumably, the formation of the fifth wave of the senior level continues on the four-hour timeframe. At the moment, it is likely that the formation of the upward impetus as the wave i of 5, continues. If this assumption is correct the pair can continue to rise up to 1.3150. Critical level for this scenario is 1.2906.
[b]Alternative scenario: [/b]Breakdown and consolidation of the price below the level of 1.2906 will trigger further decline in the pair to 1.2704.
[b]Buy the pair from correction above the level of 1.2906 with the target of 1.3150. In case of breakdown of the level of 1.2906 sell with the target of 1.2704.[/b]
