❗️ GBP/USD Last Bullish Push in Wave A ❗

Hi traders,

The GBP/USD is keeping its bullish momentum and now approaching a key resistance trend line (red) which could be a bouncing spot. A break below the support trend line (blue) could complete wave A (blue).

GBP/USD

4 hour

Once the GBP/USD completes wave A (blue), price is expected to make a bearish retracement within potential wave B.

1 hour

The GBP/USD seems to be building a last wave 4 (orange) in wave 5 (green) of wave A (blue). That could change if price hits the Fibonacci levels of wave 5 vs 1+3 or if price manages to break below the support zone.

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.

Good trading,
Chris Svorcik
Elite CurrenSea

3 Months of Free Signals

Trade with XM via ECS to Get Signals, SWAT & Up to 50% Discounts.

Learn How to Apply