Most important situation: take into account quick positions from corrections beneath the extent of 1.4246 with a goal of 1.3660 – 1.3572.
Various situation: breakout and consolidation above the extent of 1.4246 will permit the pair to proceed rising to the degrees of 1.4450 – 1.4700.
Evaluation: Day by day timeframe: presumably, the primary wave of bigger diploma (1) completed creating, with wave 5 of (1) fashioned inside. A descending correction began creating as wave (2) on the H4 timeframe, with waves A of (2) and B of (2) fashioned inside. Apparently, wave С of (2) began creating on the H1 timeframe, with the primary wave of smaller diploma (i) of i of C fashioned inside. If this assumption is right, the pair will proceed to fall to 1.3660 – 1.3572. The extent of 1.4246 is important on this situation as a breakout will allow the pair to proceed rising to the degrees of 1.4450 – 1.4700.
Value chart of GBPUSD in actual time mode
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