Futures Commentary and Analysis

Back

Elliott Wave Analysis: GBPUSD Approaching Possible Reversal Zones
Gregor Horvat - IF - Thu May 18, 8:52AM CDT

GBPUSD is trading higher, breaking out of the triangle correction that was found in previous wave 4. As we know, triangle corretions occur prior to the final wave, which means current blue wave 5 may see limited upside! In that case, be prepeared for a reversal in the legs, that may follow in the near-term. Ideally resistance and a turning point lower will come around the 1.304/1.306 zone.

Interested in our services ? We have a Special Offer : Get 2 Months For Price of 1!! Grab the opportunity now at https://ew-forecast.com/

2for1

GBPUSD, 4H

gbpusd, 4h

Disclosure:

Please be informed that information we provide is NOT atrading recommendation or investment advice. All our work is for educational purposes only.


Back
Markets: Currencies - Energies - Financials - Grains - Indices - Meats - Metals - Softs - Full List Contact Us