GBPUSD Short Term Elliott Wave view suggests that the rally from 8/24 low is unfolding as an impulse Elliott Wave structure. Up from 8/24 low (1.2773), Minor wave 1 ended at 1.2979 and Minor wave 2 ended at 1.2851. Minor wave 3 is in progress and the subdivision is unfolding as an impulse Elliott Wave structure. Minute wave ((i)) of 3 ended at 1.2947, Minute wave ((ii)) of 3 ended at 1.2907, Minute wave ((iii)) of 3 ended at 1.3082 and Minute wave ((iv)) of 3 ended at 1.303. Minute wave ((v)) of 3 is expected to end soon within 1.3104 – 1.3182 area. Afterwards, pair should pullback in Minor wave 4 before the rally resumes. We don’t like selling the proposed pullback.
FWP Network > Forexhound.com > Analysis > Forex Analysis > GBPUSD > GBPUSD Elliott Wave View: More Upside
GBPUSD Elliott Wave View: More Upside
By Elliottwave-Forecast.com ()
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September 8, 2017
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Comments Off on GBPUSD Elliott Wave View: More Upside
GBPUSD · Elliott Wave Theory, ElliottWave, GBP, GBPUSD, pound
GBPUSD · Elliott Wave Theory, ElliottWave, GBP, GBPUSD, pound

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