Pound Inggris / Dollar ASPembelian
GBPUSD: Correction in Progress Before the Next Leg Up?
GBPUSD has developed a five-wave structure to the upside, which I interpret as a potential wave A of a larger-degree Zigzag (ABC) correction on the higher timeframe. This suggests that the pair is in the midst of a corrective phase (wave B) before resuming its upward trajectory.
Currently, we are seeing a retracement, which aligns with typical Elliott Wave behavior following a strong impulse. Once this correction concludes, I anticipate a continued bullish move toward the 1.27700 level. This target is significant as it coincides with the fourth wave of the previous downward structure, a common Fibonacci retracement zone where corrections often end.
If wave B extends deeper, alternative scenarios may need to be considered, but for now, the bullish outlook remains intact.
Currently, we are seeing a retracement, which aligns with typical Elliott Wave behavior following a strong impulse. Once this correction concludes, I anticipate a continued bullish move toward the 1.27700 level. This target is significant as it coincides with the fourth wave of the previous downward structure, a common Fibonacci retracement zone where corrections often end.
If wave B extends deeper, alternative scenarios may need to be considered, but for now, the bullish outlook remains intact.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.