empty
26.03.2024 04:41 PM
GBP/USD wave analysis on March 26: Start of a bullish wave—a favorable moment to start buying

This image is no longer relevant

On the four-hour timeframe for the GBP/USD pair, we observe the development of the current wave [Y] of Z, which is the final part of the global correction (B). Most likely, wave [Y], like the previous waves [W]-[X], will take the form of a double zigzag.

Wave [Y] consists of sub-waves (W)-(X)-(Y). The current sub-wave (W) may be completed in the form of a double zigzag W-X-Y. It seems that the corrective wave (X) has also come to an end, taking the form of a standard three-wave zigzag A-B-C.

In the near future, growth is expected in the initial part of the bullish wave (Y). The first target where bulls will push the market is the high of 1.2895. Previously, the current wave (W) was completed at this level. It is difficult to predict what pattern wave (Y) will take, so we continue to monitor the pair.

In the current situation, opening long positions can be considered.

Trading recommendations: Buy at 1.2654, take profit at 1.2895.

Roman Onegin,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Roman Onegin
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD Analysis – July 14th. The Dollar Finds a New Reason to Rejoice

The wave pattern for the GBP/USD pair continues to indicate the formation of a bullish impulse wave structure. The wave picture is nearly identical to that of EUR/USD

Chin Zhao 22:23 2025-07-14 UTC+2

EUR/USD Analysis – July 14th. The Week Did Not Start on a Positive Note

The wave pattern on the 4-hour chart of the EUR/USD instrument has not changed for several months. The upward segment of the trend continues to develop, and the news background

Chin Zhao 22:19 2025-07-14 UTC+2

Weekly Forecast Using Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the US Dollar Index as of July 14th

Throughout the upcoming week, the British pound is expected to move in a generally sideways trajectory. A decline toward the support zone is likely in the first few days, followed

Isabel Clark 11:12 2025-07-14 UTC+2

Weekly Forecast Using Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold as of July 14th

A sideways price movement is expected to continue in the upcoming week. A downward move toward the support zone is more likely in the first days, followed by a potential

Isabel Clark 10:57 2025-07-14 UTC+2

GBP/USD Analysis on July 10, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse structure. The wave picture closely resembles that of EUR/USD because the dollar remains the main driver

Chin Zhao 21:36 2025-07-10 UTC+2

EUR/USD Analysis on July 10, 2025

The wave pattern on the 4-hour EUR/USD chart has not changed for several consecutive months. The formation of the upward trend section continues, while the news background still supports

Chin Zhao 21:33 2025-07-10 UTC+2

GBP/USD Analysis on July 9, 2025

The wave pattern for GBP/USD continues to indicate the formation of an upward impulse wave pattern. The wave picture closely resembles that of EUR/USD, since the U.S. dollar remains

Chin Zhao 21:01 2025-07-09 UTC+2

EUR/USD Analysis on July 9, 2025

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several consecutive months. The formation of the upward trend section continues, while the news background continues

Chin Zhao 20:56 2025-07-09 UTC+2

EUR/USD Analysis on July 8, 2025

The wave pattern on the 4-hour EUR/USD chart has remained consistent for several months. The upward trend segment continues to form, and the news backdrop continues to support all currencies

Chin Zhao 20:00 2025-07-08 UTC+2

GBP/USD Analysis on July 8, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse structure. The wave pattern is nearly identical to that of EUR/USD, as the U.S. dollar remains

Chin Zhao 19:46 2025-07-08 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback