Analysis of GBP/USD pair on July 5, 2024

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Wave analysis


Analysis of GBP/USD pair on July 5, 2024


The wave pattern for GBP/USD remains




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05.07.2024 04:19 PM






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05.07.2024 04:19 PM




The wave pattern for GBP/USD remains quite complex and ambiguous. A successful attempt to break the 50.0% Fibonacci level in April indicated the market's readiness to form a downward wave 3 or c, but we have only seen increases since then. If this wave does resume formation, the wave pattern will become much simpler, and the threat of complicating the wave structure will disappear. However, in recent weeks, the decline of the instrument has been rather weak, with sellers unable




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Pentru mai multe detalii, va invitam sa vizitati stirea originala.