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Back Wave analysis
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Back Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, EUR/CHF on January 19th
GBP/USDAnalysis:The latest wave structure on the
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GBP/USDAnalysis:The latest wave structure on the chart of the GBP/USD major pair, which remains incomplete at present, is bullish. The wave started at the beginning of last year. Since November, the final segment (C) has been developing within its structure. At the time of analysis, the wave structure does not appear fully formed. Over the past week, the price has been forming an intermediate pullback.Forecast:Over the coming week, continuation of the overall sideways movement of the British pound within a
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Isabel Clark,
Analytical expert of InstaForex
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