Main scenario:\u00a0<\/strong>long positions will be relevant from corrections above the level of 1.3835 with a target of 1.4400 \u2013 1.4500.<\/p>\n Alternative scenario:\u00a0<\/strong>breakout and consolidation below the level of 1.3835 will allow the pair to continue declining to a level of 1.3480.<\/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, a downward correction in the form of the fourth wave iv of 5 of (1)has finished forming. If the presumption is correct, the pair may continue growing to the levels of 1.4400 \u2013 1.4500\u00a0 as part of the wave v of 5. The level 1.3835 is critical in this scenario.<\/p>\n GBP\/USD Wave analysis and forecast for 09.02 \u2013 16.02 Estimated pivot point is at a level of 1.3835. Main scenario:\u00a0long positions will be relevant from corrections above the level of 1.3835 with a target of 1.4400 \u2013 1.4500. Alternative scenario:\u00a0breakout … Continue reading ![\"\"](\"http:\/\/www.forexguru.pk\/wp-content\/uploads\/2018\/02\/GBPUSDH1-1.png\")
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