The situation with this currency pair is similar to what is currently observed with the EUR/USD pair. After updating the local high, the upward movement paused, and the price began to retrace. This minor decline...

The expected continuation of growth did not follow. The Euro needed a pause, and during this time, the dollar attempted to shift the situation in its favor. A minor retracement occurred. Most likely, this decline...

Buyers continue their attempts to return to and possibly surpass the previously established high. A rather strong bearish wave was bought out. However, this all seems to be forming a corrective structure not in favor...

The situation with the trading pair in question continues to unfold within a wave scenario. The pound is attempting to gain good momentum in order to soar as high as possible. This is necessitated by...

The updated wave scenario has not yet been refuted by the market. This is because the price spent the entire final trading day of last week in a sideways movement. It is possible that this...