ew-forecast

Elliott Wave Analysis: Intraday GBPUSD Aiming Higher

FX:GBPUSD   British Pound/U.S. Dollar
GBPUSD             made a nice move up on smaller time frames at the expected yellow reversal zone. For now we see this as the beginning of a new temporary uptrend. As we see price made a nice five wave move from 1.305 area, which can indicate higher levels to follow. But nothing moves in straight lines, so a possible correction in blue wave ii can be near. If price breaks beneath the 1.305 area, then previous correction would still be in play.

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