7pasos

GBPUSD fib cluster and potential running flat

FX:GBPUSD   British Pound / U.S. Dollar
4
Daily Elliott Wave Count
Yesterday published a wave count where the expected 4) wave could be in a dobule correction pattern but after the todays Retail Sales fundamental, this scenario has became less probable (- 4) impossible but an extension of 3) still have has a chance) and more probable the running flat. This could explain the lack of down side momentum. and the now seeming upsiede impulsive pattern.
Daily Elliott Wave Count

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