Main scenario:\u00a0<\/strong>long positions will be relevant from corrections above the level of\u00a0 1.3982 with a target of 1.4350 \u2013 1.4450.<\/p>\n Alternative scenario:\u00a0<\/strong>breakout and consolidation below the level of 1.3982 will allow the pair to continue declining to a level of 1.3710.<\/p>\n Analysis:<\/strong>\u00a0supposedly, a downward correction in the form of the fourth wave iv of 5 finished developing inside the first (1) wave of senior level within the 4-hour time frame. Apparently, the fifth wave v of 5 is developing locally, with the wave (iii) of v forming within. If the presumption is correct, the pair will logically continue to rise to the\u00a0 levels 1.4350 \u2013 1.4450. The level 1.3982 is critical in this scenario.<\/p>\n GBP\/USD Wave analysis and forecast for 23.03 \u2013 30.03 Uptrend continues Estimated pivot point is at a level of 1.3982. Main scenario:\u00a0long positions will be relevant from corrections above the level of\u00a0 1.3982 with a target of 1.4350 \u2013 1.4450. … Continue reading ![\"\"](\"http:\/\/www.forexguru.pk\/wp-content\/uploads\/2018\/03\/GBPUSDH1.png\")
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