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GBPUSD trade diapason, bifurcation point

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

   As yet a pair maintains generated range, not giving priorities to any of variations. Granting correlation with EURUSD, you can still be in a favor of red scenario. In that case a signal to its realization will be breakdown of 1.6230, targets of 1.600, 1.5943, potential at 1.5825. Critical level of canceling is 1.6517; its breakdown will signify great strength of green variation, in that case overcome of the point 1.6605 will open up targets of 1.6748 and 1.6900.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst