GBP/USD: Wave analysis and forecast for 20.05 – 27.05

Forex analytics:Estimated pivot point is at the level of 1.4767. Our opinion: Sell the pair from correction below the level of 1.4767 with the target of 1.4320 - 1.40.Alternative scenario: Breakout and consolidation of the price above the level of 1.4767 will enable the pair to continue the rise up to the level of 1.50. Analysis: Presumably, the formation of the upward correction is nearing completion ...