GBP/USD Forecast. Downward movement may end soon

Posted 06 May, 2022

Unlike the euro, the pound failed to stay within the previously reached values, which ultimately led to the establishment of another minimum. But this is not the limit. The price has a way to go down, so it's not necessary to talk about the completion of the expected wave [v] of iii.

Most likely in the near future, we will see a further decline in the pair, after which a reversal and a good corrective rollback may occur.

In this regard, it is recommended to continue to stay out of the market and watch the developments from the outside while preparing for purchases.

 

Previous forecast

23 May, 2022 21:36

← "The situation remains critical." What will happen to bitcoin next week

Experts analyzed the situation in the crypto market and told in which case the price of bitcoin will continue to fall.

"The situation remains critical." What will happen to bitcoin next week

Next forecast

06 May, 2022 07:48

EUR/USD forecast: pressure on the level of 1.0498 intensifies →

Four-hour chart of the EUR/USD pair. From the level (3/8), the currency pair resumed its downward movement. 

EUR/USD forecast: pressure on the level of 1.0498 intensifies
Write a comment
 
Prove you’re not a bot + 13 = 31