GBP/USD Forecast. Wave Analysis

gbp-l24 hour

The UK will hold general parliamentary elections on Thursday 8 June 2017.

The GBP/USD is building a corrective pattern which is indicated by the trend lines. A break above it invalidates the wave 3 (blue) whereas a break below support (green) could confirm it.

1 hour

The GBP/USD is building a smaller triangle (yellow/green) within a larger triangle (red/dark green).

Origin: Admiral Markets

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