Wave analysis of the GBP/USD currency pair. A weekly review

The GBP/USD pair has also formed a structure which resembles a correctional one, being a constituent of abc waves. Though, it should be noted, that unlike the euro, the developing wave

situation looks more complex, and if the low of March 1 breakthrough occurs, it will need the specification of the marking of the whole descending trend after January 19, or only after February 17. Anyway, the possibility that the pound can attempt for the third time to break the correctional level 61,8% is still high.


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