Elliott Wave Analysis: GBPUSD Trading In A Temporary Correction; More Upside In View 

gbpusd analysis

Gregor - Author BIO photoGBPUSD is trading in a three-wave correction of wave 4, with current sub-wave b unfolding as a contracting triangle. That said, one more drop may follow into wave c, before bears may slow down and bulls again take over and push price higher into wave 5.

GBPUSD, 1H

gbpusd analysis

 

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By Gregor Horvat

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