❗️ GBP/USD Last Bullish Push in Wave A ❗

2 min read

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).


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.

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Good trading,
Chris Svorcik
Elite CurrenSea

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