its_new_wave
Short

GBPUSD: Elliot Wave Count

FX:GBPUSD   British Pound/U.S. Dollar
Continuos consolidation at currencies market will be ended soon. But this pair still have a few possible counts.

Main scenario:

The pair are doing a triangle patter in wave x of wave y of wave ((2)). This triangle may last few weeks. After this the pair should bring an excellent opportunities to falling down in wave ((3)) with first target at 1.155 = wave ((1)) x 1.618.

Alt scenarios:

Wave ((2)) already has ended the 18th of June. It means that this pair did wave (1), wave(2) and now ready to fall in wave (3) with good acceleration. This movement should start in couple days.

Next one possible Alt scenario is wave x still are creating from the 14th of May. If so, GBPUSD             may significant rise and break the June extremums. The level which will cancel this count at 1.516
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