GBP/USD Looking For Support To Rally Higher
Gregor Horvat | Jul 22, 2021 04:15AM ET
GBP/USD 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.h2 GBP/USD 4H Elliott Wave Analysis Chart
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