The analysis is based on Harmonic Elliott Wave and H.E.R (Harmonic Equilibrium Routing)

Daily outlook

(30 Minutes Chart)

if we look at 4-hours or daily chart we'll find out the price is on wave -b- of wave (iii).

i suppose the correction isn't completed yet, and we'll might see lower levels for the GBP/USD. as it's shown in the chart below, the correction is on wave (c), and wave -iii- of (c) has more way down.

GBPUSD 30M

  • 1.38331 (MP): wave c is able to see the level then starts its down-trend. (node BS: Versa Cluster).

  • 1.38159 (BP): price touched the level and might start wave c of iii from now. (node 2W: Pre-Cluster).

  • 1.38653: if price breaks the level, the analysis will be failed.

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