GBP/USD: Wave analysis and forecast for 05.08 – 12.08.

Forex analytics:Estimated pivot point is at the level of 1.3372. Our opinion: Sell the pair from correction below the level of 1.3372 with the target of 1.2780 - 1.2260. Alternative scenario: Breakout and consolidation of the price above the level of 1.3372 may trigger further rise up to 1.3638. Analysis: Presumably, the formation of the upward correction, as the wave 2 has completed. Locally, it is ...