GBP/USD: Wave analysis and forecast for 29.07 – 05.08:

Forex analytics:Estimated pivot point is at the level of 1.3055. Our opinion:Buy the pair from correction above the level of 1.3055 with the target of 1.3640 - 1.3880. Alternative scenario:Breakout and consolidation of the price below the level of 1.3055 may trigger further decline to 1.2780.Analysis:Presumably, the formation of the upward correction, as the wave 2, continues. Locally, it is likely ...