GBPUSD: Dip to 1.2791 is proposed to be wave (Y) and 2nd wave (X) is proposed to be over at 1.3481. Near-term, pair is showing 5 waves down from 1.3372 peak so a bounce in wave (b) is expected in 3, 7, or 11 swing which should fail below 1.3372 high for extension lower as far as pivot at 1.3372 high remains intact during the proposed bounce. The first 3 swing equal leg area is 1.311 – 1.312 where wave (b) can complete.
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –