GBP/USD: Wave analysis and forecast for 27.05 – 03.06

Forex analytics:Estimated pivot point is at the level of 1.4738. Our opinion: Sell the pair from correction below the level of 1.4738 with the target of 1.4320 - 1.40.Alternative scenario: Breakout and consolidation of the price above the level of 1.4738 will enable the pair to continue the rise up to the level of 1.50.Analysis: Presumably, the formation of the upward correction has completed as the ...