Wave analysis

Monthly chart.

Marking of an ascending trend while it is kept (drawing since month time frame) see. We wait for achievement of a correctional movement bottom. In drawing two complete sets of correctional levels (red and dark blue colour) are put. Depending on what of themprice will stop, it will be possible to speak about the further development of a situation. The purpose of an ascending trend which is in limits 2.2800 - 2.300 while it is kept. It is possible to say that during the nearest time, Pound will not overcome a maximum of 1980 more confidently.

Week chart. 

Last month we paid attention that correction in which there is pair GBP_USD since November of last year, looks not finished. It was supposed that the price should reach 50 % of the level. But a condition world (!?) a financial system has made the amendments to our calculations. We will expect a stop of Pound falling around 1.8000 (76,4 % of correction). That as the price can generate a bottom, after a monthly collapse, will allow to speak about the further prospects GBP_USD more confidently. 

Day chart 

Mentioned by us in the last review so-called "spring" after which sharp movement upwards could follow, has worked in the opposite direction. But as it is sufficiently impulsive. Thereby, having brought into accord correction pictures on the week chart and on the chart with a day bar. Now continues the formation a prospective wave From correctional structure ABC. We will expect it at a mark 1.8000 - 1.8020 that there correspond 76,4 % of correction. Besides this level ideally coincides with Fibo dimension - 4.236 from a wave 1, last descending trend (drawing see). It is necessary to make the reservation that if the fundamental data will not allow to start to become stronger to dollar more difficult probably will start to be shown (and long in time) correctional structure. But. About its possible form while to speak early.