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Trader, analyst and instructor with a 6-year experience

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

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