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Elliott-Waves-2_0

GBPUSD Shortterm Long

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
Elliott-Waves-2_0 Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Elliott Wave GBPUSD pounddollar pound GBP gbpusdlong poundlong EW
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elliottwaves gbpusd pounddollar pound gbp gbpusdlong poundlong ew
After the crash on Friday, a rally towards 1.24 should start in the next few days.
Comment:
However, it is also possible that the low at 1.14084 will only complete the w and the low will not be reached until 1.04874. This would shift the target of the subsequent correction down a bit.
Comment:
Tonight the low was reached and the rally has now begun.
Comment:
At 1.11170, caution is called for once again. Only when the pound clearly exceeds this level is the way further to the upside open.
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