GBP/USD Wave analysis : The pair is likely to rise.

FX:GBPUSD   British Pound / U.S. Dollar
49 0 3
Estimated pivot point is at a level of 1.4794.

Our opinion: Buy the pair from the correction above the level of 1.4794 with the target of 1.5240.

Alternative scenario: Breakout and consolidation of the price below the level of 1.4794 will enable the pair to continue decline to the levels of 1.47 – 1.4650.

Analysis: It is quite possible that the formation of the “bearish” correction, as the wave B of the senior level, has completed. At the moment, it is assumed that the wedge has been formed in the wave c of B, which suggests that downward correction might come to an end. If this assumption is correct and the price does not break down the critical level of 1.4794, it makes sense to expect that the pair will go up to the level of 1.5240.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out