GBP/USD Looking For Support To Rally Higher


was coming down after only an intraday three wave bounce to 1.39, so we saw that as a corrective rally belonging to a bearish structure. As such, we adjusted the wave count, but were still looking for wave 5 to complete a higher degree wave C) in the near term.

Ideally, the market will rally out of a downward channel this week which would be nice confirmation for a turn. So until that happens, there is still a chance for 1.35.

GBP/USD 4H Elliott Wave Analysis Chart

GBP/USD 4h Elliott Wave Analysis

GBP/USD 4h Elliott Wave Analysis

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