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Currency Analyst since 2010

GBP/USD: Elliot wave analysis

Weekly. On the weekly chart there’s a global Zigzag A-B-C. The pair keeps forming the wave С which aims at the level 1.1 where the pair was last seen in 1985.

Chart. Weekly GBP/USD

H12. GBP/USD keeps forming corrective wave (b) which may take the shape of a Zigzag.

Chart. H12 GBP/USD

H4. The wave a looks complete. So, we expect corrective wave b to form in the near term.

Chart. H4 GBP/USD

By Roman Petuchov for FBS

Chart. H4 GBP/USD

By Roman Petuchov for FBS

Chart. H4 GBP/USD

By Roman Petuchov for FBS

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