Coinranger| GBPUSD. Uncertainty around 1.34730🔹DXY has finally decided to fall and has already reached the potential pullback area of 98.3. A non-pullback downside to 98.1 is still possible. We'll have to see what happens next.
🔹Davos continues.
🔹The pound has completed a full set of upward waves during the DXY decline. It could also begin to decline again, but more on that below.
Level:
Below:
The levels are tentatively calculated; it's difficult to say more precisely until the uptrend is complete.
1.34350 - first potential downward wave
1.34083 - full downward set
1.33590 - first downward set extension
Above:
1.35269 - this is the first extension of the upward wave set. Whether we come there depends heavily on the DXY's performance.
Both the dollar and the pound are at important levels, but there's no clear direction at the moment. We're keeping an eye on the DXY.
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