GBPUSD be careful. Do not rush into it now!

28 May 2020

I saw some analysys presuming GBPUSD would move up in the near future. However, now I do now see much evidence of possible strong upward impulse. We have 2 most probable options: 1st - there is a corrective Elliot wave which after impulse downward is possible, and 2nd - there is a new channel is being constructed, so the price would move inside of it. My advice is not to rush into it right now, but to wait for more proofs.