ew-forecast

GBPAUD Looks Bearish All the way - Elliott wave

ew-forecast Updated   
FX:GBPAUD   British Pound / Australian Dollar
Hello traders,

GBPAUD remains in downtrend as recent bounce looks slow and it appears corrective. In fact, rally fits perfectly into an extended bearish wave 3, where price is now ending a sub-wave iv. More weakness in view.

Trade well!
Comment:

Wave 3 of a bigger impulse, down from 2.08 can be over. A wave 4 correction in view. Resistance at 1.845/1.866.

Elliott Wave Service
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