GBPUSD
TS Forecasts. Sergey IvanovSpectrum.
Weekly.Bullish stage till a middle of 2021.
Daily. Bullish phase is projected by wavelet hunter module.
Annual cycle analysis.
The same outcome from annual cycle:
Elliott waves analysis.
At weekly chart global ending diagonal is developing resulted into further sharp growth.
Wave c of C is developing within a global triangle.
Wave (iv) is under development. Thus, some kinds of consolidation is reasonable to expect prior increase to the (v) wave.
ZZ structure.
L-1 ZZ is bullish; L-2 ZZ turned bullish as well last week by violation of its bearish CIT. Further increase is expected while 1.3253 holds.