Forex Analysis
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Analysis of GBP/USD on August 17. Wave Markup Looks “Like a Textbook”, However, the News Background from America can Spoil Everything

The wave structure of the upward section of the trend, which originates on March 20, looks fully completed and took the form of a triple zigzag. The last wave Z may complicate its internal structure, but before a successful attempt to break through the 0.0% Fibonacci level, I would not recommend considering this option as a working one.
by Jeff Wecker
Forex Analysis
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Wave analysis of GBP/USD on August 13. Pound Does Not Show any More Signs of Desire to Rise. Markets do not See the Mess in the US as a Reason to Sell USD Again

The wave structure of the upward trend section, which started on March 20, looks quite complete and has taken the form of a triple zigzag. The last wave Z may complicate its internal structure, however, I would not recommend considering this option as a working one, until a successful attempt to break through the 0.0% Fibonacci level.
by Jeff Wecker
Forex Analysis
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Analysis of EUR/USD and GBP/USD for August 12. Donald Trump: The Number of Cases of Coronavirus is Growing Due to Mass Testing of the American Population

On August 11, the EUR/USD pair lost only a few basis points and thus continues to build the expected first wave of a new downward trend section. The wave structure of the upward trend looks fully completed, which increases the probability of continuing the decline of the instrument with targets located near the 23.6% and 38.2% Fibonacci levels.
by Jeff Wecker