Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Elliott Wave Charting: Gbp/Usd Bearish view

TheLFB NewsTheLFB-Forex.com A Forex Trader Portal

Elliott Wave Charting

Gbp/Usd

An impulsive decline from the 1.6070 resistance area has found support at 1.5530. An upward bounce form that zone is expected to be a correction of a red wave iv), before the market can trade lower again.

Once wave iv) is complete and 1.5533 is support taken out, a Short move towards the 1.5370 region will be expected.

 

TheLFB Charting: Gbp/Usd 4h view

If you would like to be a part of TheLFB.com, to receive a full Elliott wave detail for Gbp/Usd, and if you want to know what comes next and what to expect from the market, then join us now.

Follow Elliott Wave charts and updates on twitter.



Disclosure: Short Gbp