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Elliott Wave Analysis: GBPUSD Unfolding A New Leg Higher

Elliott Wave Financial Service
By Elliott Wave Financial Service

GBPUSD is making a nice bullish rally away from 1.2815 region, where wave B) lows were found. That said current bullish leg can be black wave 1 in the making, with price specifically trading at the end of blue sub-wave three. Ideally a new correction within wave four will follow, and find a new region of support around the previous swing four at 1.2915 level.

GBPUSD, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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