Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the USDollar Index
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the USDollar Index — July 28th
GBP/USDAnalysis:The British pound continues to move
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GBP/USDAnalysis:The British pound continues to move in the upper part of the price chart, in line with the prevailing upward trend. Throughout the current month, prices have formed a corrective pullback from a strong resistance zone. The wave structure resembles a contracting flat and remains incomplete at the time of analysis.Forecast:The pair is expected to continue its current downward correction within the support area. Sideways movement with price testing resistance is possible early in the week. A reversal and renewed
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