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

When it comes to GBP/USD, the situation is quite complicated. If there was a bit of upward pressure and a new high was reached, it would have been much easier with the pair. However, since the high was not updated, there are a couple of scenarios that could play out. One of them, which I am following, is a downward correction in (c) in (2) in (3) in (C) or in the higher third wave. If the high is not rewritten, I expect a downward wave today in (c) in the second in (3) in (C) or in (3). If the pair decides to update the high, then we will continue the first in the third in (C) or in (3), like the third in the fifth, and then another five in the fifth, only after which we will finish the first in (3) in (C) or in (3). This will take more than one day, at least the next week, maybe half of it, pondering over the fifth in (1) in (3) in (C) or in (3).