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GBP USD Elliott Wave Analysis

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EUR/USD and GBP/USD forecast for July 10. No important news is expected today. EUR and GBP trade opposite, while COVID-10 outbreak in the US still weighs on the markets.
Relevance up to 17:00 2020-07-11 UTC+2 EUR/USD On July 9, the EUR/USD pair lost about 45 basis points and made an unsuccessful attempt to break through the 127.2% Fibonacci level. Thus, the current wave marking remains unchanged and is still set to form an upward wave 5 in C and B. If this scenar....
5
Simplified wave analysis and forecast for GBP/USD and AUD/USD on July 10
Relevance up to 07:00 2020-07-11 UTC+2 GBP/USD Analysis: On the price chart of the British pound, the formation of a complex corrective bearish structure of the daily scale continues. In the last incomplete section from June 10, the middle part of the movement (B) is close to the end. Forecast: To....
4
Analysis of EUR/USD and GBP/USD on July 9. Boring end of the trading week.
Relevance up to 14:00 2020-07-10 UTC+2 EUR/USD On July 8, the EUR/USD pair gained about 55 basis points and thus continued to build the expected wave 5, C, or B. I expect a continued improvement of the instrument's quotes in terms of the building of this wave, after which the prolonged decline i....
8
Simplified wave analysis and forecast for GBP/USD, AUD/USD, and EUR/JPY on July 8
Relevance up to 08:00 2020-07-09 UTC+2 GBP/USD Analysis: The upward wave of the British pound, which began in March, gave rise to a new long-term trend. In the last 3 months, a complex correction structure has been formed. In its last section from June 10, an intermediate corrective pullback is fo....
9
Analysis of EUR/USD and GBP/USD on July 7. Conflict in the South China sea, rising cases in the US, and strong ISM index
Relevance up to 12:00 2020-07-08 UTC+2 EUR/USD On July 6, the euro/dollar pair gained 65 basis points but lost most of it on Tuesday night and in the morning. Thus, the current wave markup remains unchanged, however, it becomes very complicated. I still expect to build a wave 5, C, or B. Until a ....
10
Analysis of EUR/USD and GBP/USD. Unemployment rates pass their peak both in EU and US, thus proving recovery in labor markets. US faces new COVID-19 outbreak
Relevance up to 13:00 2020-07-07 UTC+2 EUR/USD On July 3, EUR/USD gained just a few pips. So, the ongoing wave structure remains intact. I still expect bullish wave 5 inside C and B to develop. If this prediction comes true, the pair will continue its climb from the current levels towards 161.8%....
5
Simplified wave analysis and forecast for GBP/USD, AUD/USD, and EUR/JPY on July 6
Relevance up to 10:00 2020-07-07 UTC+2 GBP/USDAnalysis:A flat correction wave has been forming in the British pound market over the past 3 months. The extremes of the graph show a distinct stretched plane. The last part of it is incomplete. An intermediate correction has been developing for the la....
9
EUR/USD and GBP/USD analysis for July 2. Tensions between Washington and Beijing slowly escalate. Markets reluctant to buy USD.
Relevance up to 16:00 2020-07-03 UTC+2 EUR/USD On July 1, the EUR/USD pair advanced by only 15 basis points. Thus, the current wave marking did not indicate any significant changes. However, I still expect the upward wave 5 to enter C or B area. If this scenario is true, the quotes will resume th....
5
Simplified wave analysis and forecast for GBP/USD, AUD/USD, and EUR/JPY on July 2
Relevance up to 10:00 2020-07-03 UTC+2 GBP/USD Analysis: The daily chart of the British pound is dominated by an ascending wave structure. Since April, a corrective stretched plane has been developing in its structure. Its last section started on June 10 and is not complete at the time of analysis....
11
Analysis of EUR/USD and GBP/USD for July 1. New rising tension between Beijing and Washington; Dollar's new decline is becoming more real
Relevance up to 12:00 2020-07-02 UTC+2 EUR / USD On June 30, the EUR/USD pair lost only a few basis points, and thus, the current wave counting practically did not suffer any changes. The expected wave 4 in C in B has completed its construction, so now it is still expected to build an upward wav....
17
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 29
Relevance up to 10:00 2020-06-30 UTC+2 GBP/USD Analysis: Since the end of March, the quotes of the British pound have formed a "stretched plane" correction structure. Its final part started on June 10. At the time of analysis, the price forms an intermediate correction, after which the decline wil....
3
Analysis of EUR/USD and GBP/USD for June 29. US begins to tighten quarantine again due to a new coronavirus outbreak
Relevance up to 10:00 2020-06-30 UTC+2 EUR / USD On June 26, the EUR/USD pair has not won and has not lost a single basis point, and thus, the current wave markup has not changed at all and still assumes the construction of wave 5 in C in B. If this is true, then the increase in quotes will cont....
15
Analysis of EUR/USD and GBP/USD for June 26. ECB's head, Christine Lagarde, fears second wave of COVID-19 and expects GDP to fall -13% in the second quarter
Relevance up to 10:00 2020-06-27 UTC+2 EUR / USD On June 25, the EUR/USD pair has lost around 40 basis points, but has not violated the current wave counting, which involves the construction of an upward wave of 5 in C in B. Until a successful attempt to break through the minimum of wave 4, the ....
17
Analysis of EUR/USD and GBP/USD for June 25. COVID-19 possible second outbreak, but there will be no re-lockdown in either the US or Europe
Relevance up to 11:00 2020-06-26 UTC+2 EUR / USD On June 24, the EUR/USD pair lost about 55 basis points and thus started building a new downward wave. However, this wave can belong to the wave 4 in C in B or be the second, corrective in the composition of the wave 5 in C in B. Thus, we can say ....
10
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 25
Relevance up to 09:00 2020-06-26 UTC+2 GBP/USDAnalysis:On the chart of the British currency in the last 3 months, a large-scale corrective figure is formed. They have the form of a stretched plane. From June 10, the final part of the structure is formed.Forecast:In the next trading sessions, the g....
2
Analysis on EUR / USD and GBP / USD for June 24, 2020
Relevance up to 14:00 2020-06-25 UTC+2 EUR / USD On June 23, the EUR / USD pair gained about 50 bps and thus continued construction supposed wave 5 to C to B. If this is true, then the increase in prices will continue with the targets located around the level of 161.8% and 200.0% Fibonacci withi....
5
Analysis of EUR/USD and GBP/USD for June 23. Washington and Beijing are unsure whether to continue to comply with the terms of the trade agreement
Relevance up to 13:00 2020-06-24 UTC+2 EUR / USD On June 22, the EUR/USD pair gained about 75 basis points and, thus, presumably completed the construction of the wave C in 4 in C in B. If this is true, then the instrument has moved on to building an upward wave 5. If the current wave markup is ....
9
Analysis of EUR/USD and GBP/USD for June 22. There are problems with additional packages of assistance to the economy in the US and EU
Relevance up to 10:00 2020-06-23 UTC+2 ER / USD On June 19, the EUR/USD pair lost about 25 basis points and, thus, continued to build the expected wave C in 4 in C in B. If the current wave markup is correct, then the decline in quotes will continue with targets located near the 100.0% Fibonacci....
9
Simplified wave analysis and forecast of GBP/USD and AUD/USD on June 22
Relevance up to 11:00 2020-06-23 UTC+2 GBP/USD Analysis: The direction of the short-term trend of the British pound is set by the algorithm of the rising wave from March 18. The current downward section from June 10 exceeded the level of the pullback. It completes the correction model of the entir....
2
Analysis on EUR / USD and GBP / USD for June 19, 2020
Relevance up to 15:00 2020-06-20 UTC+2 EUR / USD On June 18, the EUR / USD pair lost about 40 basis points and, thus, continued construction of a prospective wave C 4 to C in B. If this is true, then the decline in quotes will continue with targets located near the level of 100.0% Fibonacci. An ....
10
Analysis of EUR/USD and GBP/USD for June 18. Euro keeps chances to grow, but the EU summit can reduced them to "zero"
Analysis of EUR/USD and GBP/USD for June 18. Euro keeps chances to grow, but the EU summit can reduced them to \
Relevance up to 13:00 2020-06-19 UTC+2 EUR / USD On June 17, the EUR/USD pair lost about 20 basis points and thus, continued to build the expected wave C in 4 in C in B. If this is true, then the decline in quotes will continue with targets located near the 100.0% and 76.4% Fibonacci levels. Aft....
10
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 18
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 18
Relevance up to 09:00 2020-06-19 UTC+2 GBP/USD Analysis: The general trend rate of the British pound is set by the rising wave from March 18. Its last section started a month ago from the lower limit of strong resistance. Since June 10, the price has been adjusted in the lateral plane. Forecast: T....
6
Analysis on EUR / USD and GBP / USD for June 17, 2020
Analysis on EUR / USD and GBP / USD for June 17, 2020
Relevance up to 15:00 2020-06-18 UTC+2 EUR / USD On June 16, the EUR / USD pair again lost approximately 60 bps and thereby completed building supposed wave b to 4 in C in B. If so, then lowering the tool quotes will continue with the purposes arranged around levels and 100.0% 76.4% Fibonacci, u....
7
Analysis on EUR / USD and GBP / USD for June 16, 2020
Analysis on EUR / USD and GBP / USD for June 16, 2020
Relevance up to 13:00 2020-06-17 UTC+2 EUR / USD On June 15, the EUR / USD pair gained about 70 bps, and thus, started the construction of the intended wavelength to b 4 to C to B. If so, then lowering the tool quotes resumes with the goals, levels arranged approximately 100.0% and 76.4% Fibonac....
5
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 16
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 16
Relevance up to 10:00 2020-06-17 UTC+2 GBP/USD Analysis: The short-term rate of the British currency is set by the rising wave from March 18. As part of its last part, an incorrect correction has been formed since the beginning of June. Its structure looks complete. Yesterday's rise has a reversal....
3
Analysis of EUR/USD and GBP/USD for June 15. British GDP and Brexit pull down the pound
Analysis of EUR/USD and GBP/USD for June 15. British GDP and Brexit pull down the pound
Relevance up to 10:00 2020-06-16 UTC+2 EUR/USD On June 12, the EUR/USD pair lost around 40 basis points and continued building the expected wave 4 in C in B. If this is true, then the decline in the instrument's quotes will continue in the direction of the 100.0% and 76.4% Fibonacci levels. Howe....
12
Analysis of EUR/USD and GBP/USD for June 12. Fed accidentally interfered with Donald Trump; US President criticizes Fed again
Analysis of EUR/USD and GBP/USD for June 12. Fed accidentally interfered with Donald Trump; US President criticizes Fed again
Relevance up to 11:00 2020-06-13 UTC+2 EUR / USD On June 11, the EUR/USD pair lost about 80 basis points after an unsuccessful attempt to break through the 161.8% Fibonacci level. Thus, the proposed wave 5 in 3 in C in B of the upward trend section is completed and wave 4 in C in B begins to for....
12
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 12
Simplified wave analysis and forecast for GBP/USD and AUD/USD on June 12
Relevance up to 10:00 2020-06-13 UTC+2 GBP/USD Analysis: The final part of the wave pattern has been developing in the British pound's still incomplete upward wave since May 18. At the beginning of the week, the price reached the lower limit of strong resistance, from which a downward correction h....
11
Analysis for EUR/USD and GBP/USD on June 11. Fed expecting economic recovery. Forecasts for 2020 remain weak.
Analysis for EUR/USD and GBP/USD on June 11. Fed expecting economic recovery. Forecasts for 2020 remain weak.
Relevance up to 09:00 2020-06-12 UTC+2 EUR/USD On June 10, the euro/dollar pair gained about 30 basis points. At the end of the day, it hit the 161.8% Fibonacci level. However, the price failed to break the mentioned level and pulled back from the reached highs. Thus, we have all reasons to say ....
13
Analysis of EUR/USD and GBP/USD for June 10. No second wave of coronavirus in the US since it still cannot cope even with the first
Analysis of EUR/USD and GBP/USD for June 10. No second wave of coronavirus in the US since it still cannot cope even with the first
Relevance up to 11:00 2020-06-11 UTC+2 EUR / USD On June 9, the EUR/USD pair gained about 50 basis points and thus resumed the construction of the upward trend section. This morning, about 30 more points were scored. Thus, the proposed wave 4 in 3 in C to B completed its construction, and the to....
14
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