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Old 02-02-2021, 07:58
MikhailLF MikhailLF is offline
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Join Date: Sep 2017
Posts: 795
Default Re: Forex News Analysis by LiteForex

GBP/USD: wave analysis

The pair may fall.

On the daily chart, the first wave of the higher level (1) developed, within which the wave 5 of (1) formed. Now, the fifth wave of the lower level v of 5 of (1) has developed as a wedge, and a downward correction is starting to develop as the wave (2). If the assumption is correct, the pair will fall to the levels of 1.32071.2861. In this scenario, critical stop loss level is 1.3756.



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