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

For GBP/USD, we are still moving up and so far everything is going as I anticipated months ago: while the euro is declining, the GBP/USD pair may move in the opposite direction, upwards, and this is exactly what is being confirmed for now. If the pair can no longer update the low, I expect the first impulse already into the third of the third in (C), and instead of wave (b) we will have to consider an impulse in the first of the third, and then expect growth into the third of three. But if they manage to reverse and update the low once more, then we will continue wave (c) of (2) of (C), until the low of the first wave in (C) is broken.