Thu, Jan 29, 2026 23:12 GMT
More
    HomeContributorsTechnical AnalysisGBPUSD Eyeing 1.2280 Support

    GBPUSD Eyeing 1.2280 Support

    Elliott Wave Financial Service
    By Elliott Wave Financial Service

    Cable is making a five wave drop from 1.2580 area, out of an upward channel so top is in place, but only temporary one for wave A). Keep in mind that we are tracking a corrective set-back now in red wave B) that may be looking for a push down to 1.2280 where price may stabilize after an A-B-C cycle.

    GBPUSD, 1h

    Elliott Wave Financial Service
    Elliott Wave Financial Servicehttp://www.ew-forecast.com/
    Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

    Latest Analysis

    Load more

    Learn Forex Trading

    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

    Contact us: contact@actionforex.com

    © ActionForex.com © 2025 All rights reserved.