Elliott Wave Analysis: GBPUSD Intra-day Fall Short

BRITISH POUND / U.S. DOLLARICE

Description

⋅ May 16, 2017 1:30 PM

GBPUSD broke lower in the past few hours, which we now see as black wave 1 and its corrective wave 2. That said, recent overlapping activity as we can see was a double zig-zag that is now over following a sharp fall. More weakness may follow.