GBP/USD: Elliott waves (Nov. 25)
Weekly. The pair continues building an upward impulse wave [c] of B.
Chart 1. Weekly GBP/USD
Daily. Now we are seeing the construction of the wave (V). In the near future the advance will continue.
Chart 2. Daily GBP/USD
H4. Pound has fully formed wave IV of (V) which took the form of the plane wave. Now we are seeing the construction of the wave V of (V). In the near future bullish move in this wave will continue.
Chart 3. H4 GBP/USD
Roman Petuchov for FBS