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ElliottWavePro

GBPUSD (Intraday)

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
ElliottWavePro  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Wave Analysis Elliott Wave Technical Analysis GBPUSD Forex
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trendanalysis waveanalysis elliottwaves technicalanalysis gbpusd forex
The bearish wave count has become the main one. The price is declining in wave ((iii)). The nearest target is the 100% (1.3012) extension level from wave ((i)). However, if this level is broken, we should keep an eye on the 161.8% retracement level as the next bearish goal.
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