free stats

GBPUSD Wave analysis and forecast for 31.03 – 07.04

GBPUSD Wave analysis and forecast for 31.03 – 07.04

Wave analysis and forecast for 31.03 – 07.04: Downward correction in the pair is likely to continue.

Estimated pivot point is at the level of 1.2523.

Analysis: Presumably, the formation of the upward correction as the wave 4 of the senior level continues. Within this wave the wave b of 4 is being developed. Locally, it is likely that one-two first wave (i) has been formed and the downward correction in the wave (ii) is being developed. If this assumption is correct, the pair may continue to decline to 1.2300. Critical level for this scenario is 1.2523.

Alternative scenario: Breakout and consolidation of the price above the level of 1.2523 will trigger further rise in the pair up to 1.2705.

Our opinion: Sell the pair from correction below the level of 1.2523 with the target of 1.2300.

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously

Categories: Free Forex Signals

Tags: ,

Do NOT follow this link or you will be banned from the site!