British Pound / U.S. Dollar

Long

GBPUSD Shortterm Long

By Elliott-Waves-2_0

Updated

After the crash on Friday, a rally towards 1.24 should start in the next few days.

Note

However, it is also possible that the low at 1.14084 will only complete the w and the low will not be reached until 1.04874. This would shift the target of the subsequent correction down a bit.

Note

Tonight the low was reached and the rally has now begun.

Note

At 1.11170, caution is called for once again. Only when the pound clearly exceeds this level is the way further to the upside open.

Elliott-Waves-2_0

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