GBP/USD: Wave analysis and forecast for 15.07 – 22.07.

Forex analytics: Estimated pivot point is at the level of 1.3096. Our opinion: Buy the pair from correction above the level of 1.3096 with the target of 1.3888 – 1.4156. Alternative scenario: Breakout and consolidation of the price below the level of 1.3096 may trigger further decline to 1.2256. Analysis: Presumably, the formation of the upward correction continues as the wave 2 in the shape of a zigzag ...