GBPUSD Long Term

Elliott Wave Weekly: GBPUSD to begin second-wave correction

A large diagonal has finished, so we could have a long upward market in the coming months. However, as you can see on the 15H chart, a five-wave price movement for wave (1) might have been in place. In this case, the pair should begin a massive bearish correction in the short term.

Elliott Wave Weekly: GBPUSD upward correction

The fifth wave of wave (1) tuned out to be longer. In this case, we could see the market even higher in the coming days before a second-wave correction begins. Broadly, a large diagonal has finished, so we could have a long upward correction in the coming months.

Elliott Wave Weekly: GBPUSD downward correction to begin

The fifth wave of wave (1) tuned out to be longer. In this case, we could see the market even higher in the coming days before a second-wave correction begins. Broadly, a large diagonal has finished, so we could have a long upward correction in the coming months.

Elliott Wave Weekly: GBPUSD downward correction to begin

The fifth wave of wave (1) tuned out to be longer. In this case, we could see the market even higher in the coming days before a second-wave correction begins. Broadly, a large diagonal has finished, so we could have a long upward correction in the coming months.

Elliott Wave Weekly: GBPUSD downward correction to begin

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is likely over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. It seems like the fifth wave of wave (1) is about to end. In this case, we’re likely going to have the rest of wave 5. A down-ward correction should begin a little later on.

Elliott Wave Weekly: GBPUSD second-wave bearish correction

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is likely over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. It seems like the fifth wave of wave (1) might have been in place. If correct, we’re likely at the early stages of a second-wave correction.

Elliott Wave Weekly: GBPUSD second-wave bearish correction

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is likely over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. It seems like the fifth wave of wave (1) might have been in place. If correct, we’re likely at the early stages of a second-wave correction.

Elliott Wave Weekly: GBPUSD second-wave bearish correction

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is likely over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. It seems like the fifth wave of wave (1) might have been in place. If correct, we’re likely at the early stages of a second-wave correction.

Elliott Wave Weekly: GBPUSD to begin bearish correction

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is like over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. It seems like the fifth wave of wave (1) might have been in place. If correct, we’re likely at the early stages of a second-wave correction.

Elliott Wave Weekly: GBPUSD to break last high

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is like over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. The main wave count remains bullish. It seems like the fifth wave of wave (1) is underway. In this case, the pair is likely going to break the high of wave 3 in the coming days.

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