GBPUSD weekly analysis (26May2019)

Subwave W1 is out of trading since we wait for price reaches 1.4380-1.4700 to make decision of selling. Price reaction tp DMR (decision making price range) confirms that price is still within rising subwave-2. If it is not, any way we have to enter deals at DMRs only and the closest for the weekly waves is 1.1900.
As for subwave D1 here wehave quite strong reversal candle pattern coupled with DMR D1. The first 1-3 days of coming week are the crucial for the curent scenario. We expect sharp growth with far targets 1.34 and 1.44. We strongly recoment to enter in long position when price pushes through Friday's high and SL 1.2600.