GBP/USD: Elliott Wave Analysis
Gregor Horvat | Oct 17, 2017 10:06AM ET
Good day traders! Let's look at GBP/USD.
GBP/USD has turned nicely down in the last few days, from above 1.3290/1.3340 resistance area as expected. Current intraday decline is quite sharp and aggressive, so it can be start of a new bearish leg; a fifth wave that can take pair back to 1.3000.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
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