HomeContributorsTechnical AnalysisCable Seems To Complete Its Correction, More Upside Is Around The Corner

Cable Seems To Complete Its Correction, More Upside Is Around The Corner

Elliott Wave Financial Service
By Elliott Wave Financial Service

GBP/USD has made five waves up from January low which we see it as an impulsive wave up in wave 1-circled, followed by a recent three wave move that we see it as a flat in wave 2-circled, now completed. That said, cable can see more gains straight up from here and to a new high in a very strong impulsive manner if we consider that wave three of three can be around the corner.

GBPUSD, 4H

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Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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