GBP?USD ANALYTICS

 

Scenario

Recommendation	BUY
Entry Point	1.5330
Take Profit	1.5800 - 1.6300
Stop Loss
Key Levels	1.5000, 1.5100, 1.5320, 1.5328, 1.5330, 1.5800, 1.6300

Alternative scenario

Recommendation	SELL
Entry Point	1.5320
Take Profit	1.5100 - 1.5000
Stop Loss
Key Levels	1.5000, 1.5100, 1.5320, 1.5328, 1.5330, 1.5800, 1.6300

A growth is expected.
Assumingly, a development of the wave C of 2 within the upward "bullish" correction of the senior level continues. Currently, as it seems, the third wave iii of C is forming, within which a starting wedge has formed as the wave (i) of iii, and, supposedly, the wave (ii) is finishing. If the assumption is correct and the price does not break through the critical level 1.5328, the pair will continue growing within the third wave towards 1.6300.
Trading tips
Buy the pair from corrections, above 1.5328 with the target at 1.5800-1.6300.
Alternative Scenario
The breakdown and consolidation below 1.5328 would allow the pair to continue declining towards 1.5100-1.5000.

EUR/USD ANALYTICS

 

Scenario

Recommendation	BUY
Entry Point	1.0810
Take Profit	1.1200 - 1.1400
Stop Loss
Key Levels	1.0700, 1.0795, 1.0800, 1.0810, 1.1200, 1.1400

Alternative scenario

Recommendation	SELL
Entry Point	1.0795
Take Profit	1.0700
Stop Loss
Key Levels	1.0700, 1.0795, 1.0800, 1.0810, 1.1200, 1.1400

A growth is expected.
Assumingly, the "bearish" correction of the senior level within the wave 2, which currently has the form of a zigzag, has formed. Locally, as it seems, a small starting impetus has formed; and, if the assumption is correct, after the correction the pair will continue growing towards 1.1200-1.1400. A critical for this scenario is the level 1.0800, the breakdown of which would allow the pair to continue declining towards 1.0700.
Trading tips
Buy the couple from corrections, above 1.0800 with the target at 1.1200-1.1400.
Alternative Scenario
The breakdown and consolidation below 1.0800 would allow the pair to continue declining towards 1.0700.