Elliott waves analysis - GBP/USD: Pound Not Ready for Continued Growth Yet от FreshForex

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GBPUSD - Flat The situation hasn't changed significantly over the past two weeks. The price movement continues within the previously considered wave scenario. It appears that the corrective wave 4 of the ascending impulse is currently developing, taking the form of a simple zigzag. To complete this formation, a bearish wave is necessary, so it is

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GBPUSD - Flat

The situation hasn't changed significantly over the past two weeks. The price movement continues within the previously considered wave scenario. It appears that the corrective wave 4 of the ascending impulse is currently developing, taking the form of a simple zigzag. To complete this formation, a bearish wave is necessary, so it is advisable not to rush into buying. In this scenario, it is recommended to wait for the correction to finish and then look for buying opportunities in the final wave 5 of the anticipated impulsive movement. Until then, it is best to stay on the sidelines and observe the market's developments. Investment Idea: Flat.

You may check other analytical reviews on FreshForex website. Source: freshforex.com.

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