GBPUSD

We can’t rule out that the last advance is just the third wave of wave ((i)). If correct, after a short break, we’re going to have wave (v) of ((i)). A second-wave correction should begin after that.

We can’t rule out that the last advance is just the third wave of wave ((i)). If correct, after a short break, we’re going to have wave (v) of ((i)). A second-wave correction should begin after that.

There’s an upward leading diagonal, which is supposed to be wave ((i)). Wave ((ii)) is likely over, so the market should continue unfolding wave ((iii)).

There’s an upward leading diagonal, which is supposed to be wave ((i)). Wave ((ii)) is likely still underway, so we could see the price a little bit lower before a third-wave advance begins.

Today’s decline suggests that wave ((i)) might have been in place as a leading diagonal. If correct, we’re going to have a second-wave correction in the short term. Even so, the opportunity to have a third-wave advance remains in force.

The market is consolidating after Friday’s advance. In this case, as long as the price remains above 1.3678, the opportunity to have a further upward price movement will be in force. Therefore, the pair should break the last local high shortly.

The market went through the high of wave ((i)), so a second-wave correction is likely over. If correct, the market should continue rising agains 1.3678 in the short term.

There’s a decline, which is likely a part of wave ((ii)). If correct, we could see the price a little bit lower before a third-wave advance begins. At the same time, as long as the pair is below yesterday’s high, the bullish scenario will be at risk.

There’s an upward impulse, which is supposed to be wave ((i)). Wave ((ii)) might have been in place, so the market is likely going to begin unfolding a third-wave advance. The nearest critical level is 1.3696.

It seems like wave ((i)) is over, which confirms the bullish scenario. In this case, we’re going to have a second-wave correction in the coming hours. A third-wave advance should begin a little later on. The main critical level is the low of wave 2 at 1.3601.