A correction ends.

Assumingly, the senior level correction within wave X in a form of a flat is ending. Locally, a formation of a bearish impulse within the last wave c of X seems to be finishing. If the assumption is correct, the pair resumes a growth after the local impulse will have ended.

Trading tips

Buy the pair after the breakout of the level of 1.5276 with the target at 1.5800.

Alternative scenario

If an extension within wave (c) of X forms, the pair continues falling towards 1.5000, 1.4800.

GBP/USD: wave analysis

GBP/USD: wave analysis

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