Cable is trading sideways for the last few days and moving slightly away from the highs. However, we see pullback as corrective wave B) that is part of ongoing uptrend. Therefore we expect a resumption of a bullish trend soon; ideally in the next 24 hours so traders should be aware of a push up in wave C) of (5) towards 1.6900-1.6700 region. Only move beneath 1.6657 would be a trend changer.
GBPUSD 4h Elliott Wave Analysis
Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service