GBP/USD Wave analysis and forecast for 07.03 – 14.03: The pair is likely to decline. Estimated pivot point is at the level of 1.6821.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Our opinion: Sell the pair from correction below the level of 1.6821 with the target of 1.65 – 1.63.
Alternative scenario: Breakout of the level 1.6821 will enable the pair to continue growth to the levels of 1.69 – 1.70.
Analysis: Presumably, the formation of the large ascending impetus in the first wave has completed. Locally, it is not excluded that the first in-lead wave of the large downward correction is being formed. If this assumption is true, the pair will continue to decline to the level of 1.65. This scenario will be confirmed after breakdown of the level of 1.6247.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk