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leopisbig

#GBPUSD @ critical level, bear term is near

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
leopisbig  
FX:GBPUSD   British Pound / U.S. Dollar
Fibonacci Elliott Wave GBPUSD GBP
5
0
fibonacci elliottwaves gbpusd gbp
  • I think GBPUSD is at its top level since its lowest point in the beginning of 2017.
  • The Elliott Wave count since then shows that the 5-wave formation ended.
  • There will be a correction in the next days from today's levels to 1.30 range till mid-2018.
  • However, from a wider perspective, the appreciation will continue to 1.45-1.50 till 2019-2020.
  • 3M-chart also indicates a bullish falling wedge, this illustrates that the appreciation may continue to beyond 2020.
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