Principal situation: take into account lengthy positions from corrections above the extent of 1.3599 with a goal of 1.4050 – 1.4241.
Different situation: breakout and consolidation under the extent of 1.3599 will permit the pair to proceed declining to the degrees of 1.3400 – 1.3157.
Evaluation: Every day chart: the primary wave of bigger diploma (1) is shaped, and a draw back correction continues forming as wave (2). Wave А of (2) seems to be accomplished on the H4 chart. Wave B of (2) is forming in the mean time, with wave of smaller diploma с of В unfolding inside. Apparently, the third wave(iii) of с is creating on the H1 chart. If the presumption is right, the pair will proceed rising to the degrees of 1.4050 – 1.4241. The extent of 1.3599 is important on this situation as its breakout will allow the pair to proceed declining to the degrees of 1.3400 – 1.3157.
Value chart of GBPUSD in actual time mode
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