Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD, published in members area of the website. As our members know GBPUSD has incomplete bearish sequences...
GBPUSD remains in the short term uptrend from 1.2848, further rally would likely be seen in the coming days and next target would be at 1.3040 area. Near term support is at 1.2880, a breakdown below this...
GBPUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.3069 had completed at 1.2848 already. Further rally would likely be seen and next target would be at 1.3040 area....
GBPUSD extended its downside movement from 1.3514 to as low as 1.2848. As long as the price is in the falling price channel on the daily chart, the downside movement could be expected continue and next target...
GBPUSD extended its downside movement from 1.3069 to as low as 1.2848, breaking below 1.2871 support. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected...
GBPUSD extended its downside movement from 1.3069 to as low as 1.2907, facing the support level at 1.2871, a breakdown below this level would aim 1.2800 area. Resistance is at 1.2960, only break above this level could...
GBPUSD is now in the downtrend from 1.3069, further decline could be expected in a couple of days and next target would be at 1.2871 support. Resistance is at 1.3069, a break of this level could trigger...
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2871 had completed at 1.3069 already. Further decline would likely be seen and next target would be at 1.2871 support....
GBPUSD extended its upside movement from 1.2871 to as high as 1.3069. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
GBPUSD stays in a falling price channel on the daily chart and remains in the downtrend from 1.3514. As long as the channel resistance holds, the downside movement could be expected to continue and next target would...
