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Back Wave analysis
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Back Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, and EUR/CHF – April 6th
GBP/USDAnalysis: Since January of this year,
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GBP/USDAnalysis: Since January of this year, price movement in the main British pound pair has been driven by a downward wave algorithm. After touching the upper boundary of a strong potential reversal zone, quotes entered a drifting phase, forming a full correction.Forecast: In the first half of the week, sideways movement along resistance is expected. Closer to the weekend, the downward movement of the pound may resume, likely accompanied by increased volatility after major economic news releases. Potential reversal
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