HomeContributorsTechnical AnalysisElliott Wave Analysis: GBPUSD Unfolding A Temporary Correction

Elliott Wave Analysis: GBPUSD Unfolding A Temporary Correction

Elliott Wave Financial Service
By Elliott Wave Financial Service

Good day traders! Today’s focus will be on the GBPUSD.

GBPUSD is turning up, but only for a three-wave correction viewed as blue wave two. We expect a bounce in three waves, as A-B-C rally up to 1.3032 resistance area from where new turn lower may occur later this week.

GBPUSD, 4H

Start Trading
Start Trading
Start Trading
Start Trading

Get daily and weekly ActionForex analysis and key releases on our Telegram channel.

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