GBPUSD – May 20th, 2020

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GBP/USD, 2Days chart. No change. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market is going to rise towards 1.3227 in the near future.

GBP/USD, 120Minutes chart. A downward zigzag, which supposed to be wave 2, might have been in place. If correct, the price is going to continue moving up n the short term. Thus, the third wave of wave ((iii)) will continue unfolding within the next few hours.

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