Main scenario:\u00a0<\/strong>long positions will be relevant from corrections above the level of 1.3804 with a target of 1.4000.<\/p>\n Alternative scenario:\u00a0<\/strong>Breakout and consolidation below the level of 1.3804 will allow the pair to continue declining to the levels of 1.3650 \u2013 1.3568.<\/p>\n Analysis:<\/strong>\u00a0The fifth wave 5 of (1) of senior level is supposed to continue forming within the 4-hour time frame. Apparently, the wave v of 5 of junior level is forming locally, with the wave (v) of v developing inside. If this assumption is correct, the pair will go on growing to the level of 1.4000. The level 1.3804 is critical in this scenario.<\/p>\n GBP\/USD Wave analysis and forecast for 19.01 \u2013 26.01 Estimated pivot point is at a level of 1.3804 Main scenario:\u00a0long positions will be relevant from corrections above the level of 1.3804 with a target of 1.4000. Alternative scenario:\u00a0Breakout and consolidation … Continue reading ![\"\"](\"http:\/\/www.forexguru.pk\/wp-content\/uploads\/2018\/01\/GBPUSDH1-2.png\")
<\/a><\/p>\n![\"\"](\"http:\/\/www.forexguru.pk\/wp-content\/uploads\/2018\/01\/GBPUSDH4-2.png\")
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