GBP/USD Wave analysis and forecast for 28.03 – 04.04: Uptrend in the pair will resume. Estimated pivot point is at the level of 1.6460.
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: Buy the pair from correction above the level of 1.6500 with the target of1.68 – 1.69.
Alternative scenario: Breakout of the level1.6460 will enable the pair to continue decline to 1.64 – 1.63.
Analysis: Presumably, the formation of the long-term uptrend, which is likely to take a shape of a zigzag ABC, continues. Locally, the wave C is emerging, within which the fifth final wave with the targets of 1.68 – 1.6925 is being formed.
