Elliott waves analysis – We’re still bullish

GBPUSD – Flat

We're still bullish

Wave Analysis

The previous week’s candle was a perfect bullish pin bar candle. Earlier yesterday, the price rallied lower but could not close above the previous week’s opening price, and as we stated previously, the cable picked an upward momentum and is still pretty much bullish both on the lower and the higher time frames. As long as the price remains above 1.32991, we expect a possible momentum to the upper side. The anticipated bullish price rally is the unfolding of an impulsive wave count and may break above 1.42460.

Trade Recommendation.

We’re still bullish towards 1.42460

101% Double the volume

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