GBPUSD Elliott Wave Analysis: Bearish Reversal

GBPUSD reversed strongly to the downside on Friday from 1.6667 high where pair is showing signs of a top, even if just temporary. A decline from the high is strong and sharp that has extended through the lower side of a recent upward channel. This bearish reversal suggests that pair is heading even lower, ideally back to 1.6300 in this week.
GBPUSD 4h Elliott Wave Analysis
Written by www.ew-forecast.com
14 days trial just for €1 >> www.ew-forecast.com/register