GBP/USD: Wave analysis and forecast for 01.07 – 08.07:

Forex analytics:Estimated pivot point is at the level of 1.3526. Our opinion:Buy the pair from correction above the level of 1.3526 with the target of 1.4060 – 1.4280. Alternative scenario: Decline in the pair below the level of 1.31 and formation of the extended wave pattern 1 of (5). Analysis: Presumably, the formation of the first wave 1 of (5), which is taking a shape of a wedge, is nearing ...