GBP/USD: Wave analysis and forecast for 17/08/2018 – 24/08/2018
GBP/USD: Wave analysis and forecast for 17/08/2018 – 24/08/2018 Probability of correctional growth for GBP/USD Estimated pivot point is at a level of 1.2661. Main scenario: long positions will be relevant from corrections above the level of 1.2661 with a target of 1.2870 – 1.2935. Alternative scenario: Breakout and consolidation below the level of 1.2661 will allow the pair to continue declining to the levels of 1.2580 – 1.2500. Analysis: Supposedly, the first wave of senior level (1)…