GBPUSD – The overall situation is getting more complicated

04.02.2022

Despite the absence of clear prerequisites for the growth of the pair, the price is steadily moving up. Thus, the previously formed bearish impulse is quite capable of forming into a more complex corrective pattern.

The chances of such a development are greater, the higher the price rises now. But for now, there are still opportunities for a decline and a continuation of a major zigzag in the form of a second wave of emerging bullish momentum.

However, there is less and less room for such a scenario. In this situation, it is better to watch the market until the situation becomes clear.

Recommendations: Waiting.