FX.co ★ GBP/USD

On the currency market, the GBP/USD pair, according to the analysis on the lower timeframe (H1), has formed a signal to open long positions ("one - two"). The comprehensive multi-timeframe analysis, based on Elliott Wave Analysis theory, MACD readings, and exponential moving averages (55, 89, 144), as well as the probability of implementing technical and wave analysis models, indicates the main scenario: the current downward correction is part of the second wave or has already been completed. Key levels to confirm the upward movement: 1.3575 and 1.3599. The critical support level is 1.3447.