FX.co ★ mdouglas | Wave Wisdom: Mastering the Art of Wave Marking in Forex!

In terms of GBP/USD, everything is going as expected, unlike other pairs and the dollar index. Here with GBP/USD, things are going relatively well, as long as we continue to see an upward trend. I still anticipate growth in the third wave in (C) for GBP/USD, where the pair is trying to complete the first impulse in the first wave in (3) in (C), possibly the first wave in (3) in (C). Both scenarios are still possible. I expect a bit more growth and the beginning of a correction in wave (2) in (1) in (3) in (C), along with the euro reversal and the dollar index reversal. However, GBP/USD should decline more slowly than the euro for everything to work out. If the pullback in the second wave cannot update the minimum in (1) in (C), then we might have to consider wave (B) downwards and reassess wave (A) at its peak, which will not be an easy task.