GBP/USD Wave analysis and forecast for 12.08 – 19.08

Forex analytics:Estimated pivot point is at the level of 1.3096. Our opinion: Sell the pair from correction below the level of 1.3096 with the target of 1.25 – 1.2250.Alternative scenario: Breakout and consolidation of the price above the level of 1.3096 may trigger further rise up to 1.3215. Analysis: Presumably, the formation of the upward correction, as the wave 2 has completed. Locally, it is ...