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HomeContributorsTechnical AnalysisGBPUSD Aiming For Higher Levels, Wave 2 Correction In The Making

GBPUSD Aiming For Higher Levels, Wave 2 Correction In The Making

Elliott Wave Financial Service
By Elliott Wave Financial Service

On the updated chart of GBP/USD, we see price undergoing a flat correction in blue wave 2, after a five wave movement unfolded in the previous wave 1. As such we are now undergoing a wave C) fall on intraday basis, which can make a reversal higher around the 1.2411 level.

GBPUSD, 4H

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