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

When it comes to the GBP/USD pair, we did not extend the fifth wave further in the third wave in (1) in (3) in (C) or in the higher wave (3), it is still unclear whether it is wave (3) or wave (C), either scenario is possible. In general, today we saw a Friday reversal, which means that a correction in the fourth wave in (3) in (1) in (3) in (C) or in (3) has started, and I think they might even finish it by the evening today, if not, then tomorrow, and then we can expect another impulse wave towards the fifth wave in (1) in (3) in (C), possibly reaching 1.3700-1.3800, followed by a pullback for a couple of days in wave (2) in (3), possibly by the end of the week.