Short term Elliott Wave view in GBPUSD shows that rally to 1.2816 ended Intermediate wave (4). Internal of that rally unfolded as a triple three Elliott Wave structure. Minor wave W ended at 1..2687, Minor wave X...
GBPUSD is in downtrend from 1.2814, further decline could be expected and next target would be at 1.2300 area. Near term resistance is at 1.2640, only a break of this level could trigger another upside movement towards...
GBPUSD remains in the short term uptrend from 1.2475, a break of 1.2738 resistance could trigger further upside movement towards 1.2850. Support is at 1.2606, below this level could bring the price back into 1.2500 zone.
GBPUSD is in consolidation for the downtrend from 1.3298, the bounce from 1.2475 is likely consolidation for the downtrend. Range treading between 1.2475 and 1.2850 would likely be seen in a couple of weeks. As long as...
GBPUSD is facing 1.2606 support, a breakdown below this level could trigger another fall towards 1.2475. However as long as 1.2606 support holds, the fall from 1.2738 would possibly be consolidation for the uptrend from 1.2475, further...
GBPUSD broke above the falling trend line on the 4-hour chart, suggesting that the downtrend from 1.3174 had completed at 1.2475 already. Further rally would likely be seen and next target would be at 1.2850 area. Near...
GBPUSD is testing the resistance of the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the bounce from 1.2475 could be treated as consolidation for the downtrend from 1.3174, a...
GBPUSD remains in the downtrend from 1.3298, the bounce from 1.2475 is likely consolidation for the downtrend. Resistance levels are at 1.2710 and 1.2800, as long as these levels holds, the downside movement could be expected to...
GBPUSD is facing the resistance of falling trend line on the 4-hour chart once again. A clear break above the trend line resistance would indicate that the downside movement from 1.3174 had completed at 1.2475 already, then...
GBPUSD failed to break above the falling trend line on the 4-hour chart, suggesting that the pair remains in the downtrend from 1.3174. As long as the trend line resistance holds, the bounce from 1.2475 could be...
