GBPUSD – Corrective wave 4 continues to develop

19.01.2022

For this currency pair, the scenario considered earlier is preserved. Quotes, most likely, is at the stage of the fourth corrective wave of the bullish impulse. This wave will soon continue to form. A decline is expected after a slight increase, which will form a zigzag, after which it will be possible to consider opening orders.

In the current situation, it is more expedient to take the position of an observer, as the correction may lengthen.

Recommendations: Waiting for signals.