FX.co ★ GBP/USD wave analysis. Week review

During last week trading the GBP/USD currency pair nearly passed the 57 figure level. After this it started to trade in the range trying to form the beginning of an upside correction. At the same time, given the nearness of the lower line of the old upside corridor we might suppose that the price will try to return into its limits. In this case there is a possibility that within such future upside correction structure the rate might reach 1.6055 – 1.6160.