GBP/AUD Pullback Indicates More Gains: Elliott Wave Analysis

 | Oct 10, 2018 09:13AM ET

GBP/AUD made a sharp turn down from 1.8620, but so far only one leg so corrective wave four can be deeper. Be aware of a three-wave; a-b-c, decline into 1.8400 area, where former swing high and 38.2% Fib. level can become an interesting support. For now pair remains in uptrend, but consolidating while above 1.8200.