Elliott Wave historic chart analysis for the GBPUSD, 2010. Please click on the charts below to enlarge.
This monthly chart for the pound goes back to the early 1970′s.
Currently the pound is in cycle wave III down of supercycle wave (V) down (olive). This cycle wave III must unfold as a five wave impulse.
Upwards movement cannot move above 2.116.
Supercycle wave IV lasted a fibonacci 21 years, rising 10,640 pips, from Feb 1985 to Nov 2007.
