meszaros
Long

GBPHUF W1 wave structure.

FX_IDC:GBPHUF   BRITISH POUND / HUNGARIAN FORINT
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GBPHUF wave structure. In our opinion, the exchange rate is a double bottom . It is assumed that from this bottom one quarter of a quarter rose. This rise rises close to 356 HUF per week. Since this stage is quite volatile, we will be waiting for correction again from level 356. Then again, a quarter-wave reinforcement, then a slight correction and a new reinforcement is expected. This increase may take up to 396 HUF . As this is a one-week-long analysis, we expect this level to be reached in the second half of 2018.

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