Elliott Wave Analysis: GBPUSD Trading In An Impulse

Gregor Horvat Wavetraders

Cable is making a strong rise away from 1.2364, clearly in impulsive fashion which can see an extension up to 1.3040 area for wave C. In the meantime be aware of short-term set-back which will be seen as fourth sub-wave within an uptrend. We see market in bullish mode now as long as pair trades above 1.2620.

GBPUSD, 4H

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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