GBP USD Elliott Wave Analysis

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Wave analysis of GBP/USD for June 1. Pound sterling is still very weak
Wave analysis of GBP/USD for June 1. Pound sterling is still very weak
Analysis of wave counting:At the trades on May 31, the GBP/USD currency pair lost about 60 points from the maximum of the day, questioning the construction of the future wave 2, in a of the downward trend section. The pair fails to form a significant upward trend section that could be identified as ...
0
GBP/USD Bullish Corrective Pattern Faces Fibonacci Resistance Zone
GBP/USD Bullish Corrective Pattern Faces Fibonacci Resistance Zone
GBP/USD4 hourThe GBP/USD remains in a downtrend as long as price stays below the resistance trend lines. A bearish breakout below the support trend line (green) could indicate a potential continuation towards the Fibonacci targets of wave 5. A bullish retracement could occur above the resistance tre...
0
Wave analysis of GBP/USD for May 30. 33 figure was only a temporary barrier.
Wave analysis of GBP/USD for May 30. 33 figure was only a temporary barrier.
Analysis of wave counting:During trading on May 29 the GBP/USD currency pair returned to the decline and, having lost more than 100 points, went under the level of 33 figures. Proceeding from this, it suggests the conclusion about the next complication of wave 1, in a, of the bearish part of the tre...
2
GBP/USD Retraces after Sturdy Bearish Breakout below 1.3250
GBP/USD Retraces after Sturdy Bearish Breakout below 1.3250
GBP/USD4 hourThe GBP/USD bearish momentum broke below a key round level at 1.3250 and the support trend line of the descending wedge chart pattern (dotted blue). It seems more likely that price is now building a wave 3 impulse (purple) as long as price stays below the resistance trend lines (orange)...
0
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 28 May 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 28 May 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USDThe EUR/USD is showing a falling w...
2
Wave analysis of GBP / USD for May 24. The impulse wave can be completed
Wave analysis of GBP / USD for May 24. The impulse wave can be completed
Analysis of wave counting:During the trading session on May 23, the GBP/USD currency pair continued forming the expected first wave in the future together with a downward set of waves. The 261.8% Fibonacci mark, calculated from wave c, at 5, worked out the point in point. An unsuccessful attempt to ...
0
GBP/USD Falling Wedge Reversal Pattern Challenges 1.34 Support
GBP/USD Falling Wedge Reversal Pattern Challenges 1.34 Support
GBP/USD4 hourThe GBP/USD made a strong bullish rally yesterday which approached the 1.35 resistance level. Price is now testing the support trend line again (green) but the price pattern is starting to resemble a falling wedge chart pattern. Price would need to break below the support zone of 1.3380...
3
GBP/USD Downtrend Challenges Fibonacci Zone at 1.34
GBP/USD Downtrend Challenges Fibonacci Zone at 1.34
GBP/USD4 hourThe GBP/USD broke below the support trend lines and the downtrend continued with a new lower low. The Cable is now approaching a key Fibonacci support zone (green) around 1.34. Price will need to break below the support trend line (green) before a bearish breakout could occur whereas a ...
0
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 21 May 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 21 May 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USDThe EUR/USD made a bearish bounce ...
0
GBP/USD Reverses at 1.36 Resistance and Shows Bearish Breakout
GBP/USD Reverses at 1.36 Resistance and Shows Bearish Breakout
GBP/USD4 hourThe GBP/USD seems to have completed a sideways consolidation zone which is most likely a wave 4 (blue) pattern. Price is now trying to break below the support trend line (dotted green) which could indicate the end of wave 4 and the start of a bearish wave 5 (blue). The targets are at th...
0
Wave analysis of the GBP/USD currency pair for May 14, 2018
Wave analysis of the GBP/USD currency pair for May 14, 2018
Analysis of wave counting:Starting Friday's trading with the upward movement, the GBP/USD pair, however, could not overcome the level of the 36th figure and completed the day at 1.3540. It can be assumed that the currency pair has made another attempt to complete wave a and go to the stage of format...
1
Wave analysis of the GBP/USD currency pair. Weekly review
Wave analysis of the GBP/USD currency pair. Weekly review
Analysis of wave counting:Throughout the past week, the GBP/USD pair has not been able to determine the direction of the movement, trading before the close of the Friday session, mainly between the level of 1.3600 and the mark of 1.3460. It can be assumed that the currency pair began to make attempt...
0
GBP/USD Bullish Retracement within Bearish Trend Aims at 1.36
GBP/USD Bullish Retracement within Bearish Trend Aims at 1.36
GBP/USD4 hourThe GBP/USD is building a consolidation pattern after a strong bearish impulse. A bearish breakout could indicate a downtrend continuation within wave 5 (purple) towards the Fibonacci targets whereas a bullish breakout could confirm the completion of wave 5 of wave 1 (pink) at the most ...
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 14 May 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 14 May 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USDThe EUR/USD bearish momentum seems...
4
Wave analysis of the GBP/USD currency pair for May 11, 2018
Wave analysis of the GBP/USD currency pair for May 11, 2018
Analysis of wave counting:The soft stance of the leadership made at the yesterday's meeting of the Bank of England, and the retention of the key bank rate at the same level, provoked a surge in trading volatility, which allowed the GBP/USD pair to update its Tuesday low, reaching a mark of 1.3460. T...
0
GBP/USD Tests Wave 4 Resistance Fibs Levels at 1.36
GBP/USD Tests Wave 4 Resistance Fibs Levels at 1.36
GBP/USD4 hourThe GBP/USD is making a bullish bounce after failing to break below the support trend line (blue). The trend however remains bearish and the current rally could only be a retracement. Price action stays bearish as long as price remains below the resistance trend line (red) but a bullish...
0
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 7 May 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 7 May 2018
Hello trader,Please find below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. EUR/USDThe EUR/USD broke the key support zone and is building a bearish channel with a steep angle. But price needs to at least reach the 161.8% Fib target of wave 3 (purple...
1
GBP/USD Bearish Trend Loses Momentum Near 1.35 and NFP
GBP/USD Bearish Trend Loses Momentum Near 1.35 and NFP
GBP/USD4 hourThe GBP/USD bearish trend continued yesterday with a new lower low but price action seems to be slowing down. Price action looks more corrective in the most recent channel (orange/blue lines) as price approaches the critical 1.35 round level, which could be a new bounce or break spot. P...
0
Wave analysis of the GBP/USD currency pair for May 1, 2018
Wave analysis of the GBP/USD currency pair for May 1, 2018
Analysis of wave counting:The attempt to continue the downward movement ended yesterday with a failure and the subsequent price rebound on the GBP/USD pair by more than 70 percentage points. from the lows reached in the middle of the day. In this case, the internal wave structure of the wave c, in a...
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 30 April 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 30 April 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USDThe EUR/USD broke the key support ...
0
GBP/USD Downtrend Remains in Bearish Wave 4 below 1.40-1.41
GBP/USD Downtrend Remains in Bearish Wave 4 below 1.40-1.41
GBP/USD4 hourThe GBP/USD is moving lower in a strong downtrend channel. Price could show a bearish continuation within wave 1 (pink) but eventually a bullish ABC correction is expected within wave 2 (pink). Price usually retraces to deeper Fibonacci levels such as the 50, 61.8 or 78.6% Fib before tu...
1
GBP/USD Bear Flag Pattern at Downtrend Channel Resistance
GBP/USD Bear Flag Pattern at Downtrend Channel Resistance
GBP/USD4 hourThe GBP/USD made a bullish retracement back to the resistance trend line within the larger downtrend channel. A bearish bounce at the channel resistance could send price lower within a potential wave 1 (or A) but a bullish breakout however could indicate the start of a larger correction...
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 23 April 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 23 April 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USDThe EUR/USD is most likely still e...
0
Wave analysis of the GBP/USD currency pair for April 19, 2018
Wave analysis of the GBP/USD currency pair for April 19, 2018
Analysis of wave counting:In general, as expected, in the course of yesterday's trading, the GBP/USD pair continued the development of the downward movement that began on the evening and, having lost about 130 percentage points, already reached 1.4170 in the middle of the day. The resulting wave sit...
0
Wave analysis of the GBP/USD currency pair for April 19, 2018
Wave analysis of the GBP/USD currency pair for April 19, 2018
Analysis of wave counting:The attempt to continue the development of the upward movement yesterday ended with the completion of the 1.4375 mark and the subsequent price rebound on the GBP/USD pair by more than 90 percentage point from the high reached at the beginning of the European session. The re...
1
GBP/USD Approaches Decision Zone after Bearish Momentum Pattern
GBP/USD Approaches Decision Zone after Bearish Momentum Pattern
GBP/USD4 hourThe GBP/USD made a strong bearish retracement at the previous top (red). Price could either be building a bearish reversal after it completed bullish waves 5 or it could keep pushing for one higher high. A bullish breakout could see price make an extension towards the round level at 1.4...
1
Wave analysis of the GBP/USD currency pair for April 17, 2018
Wave analysis of the GBP/USD currency pair for April 17, 2018
Analysis of wave counting:At the start of the new trading week, GBP/USD pair started with an upward movement and, adding about 100 percentage points in price in the second half of the last day was able to work out the mark of 1.4335. The resulting wave situation allows us to assume that the internal...
0
GBP/USD Bullish Momentum Challenges Previous Resistance Top
GBP/USD Bullish Momentum Challenges Previous Resistance Top
GBP/USD4 hourThe GBP/USD uptrend keeps pushing for higher highs. Price has now arrived at the previous top on a daily chart which is a strong resistance level. A bullish breakout could see price make an extension towards the round level at 1.45 whereas a bearish retracement could test the support tr...
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 16 April 2018
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 16 April 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. https://admiralmarkets.com/analytics/ EUR/USDThe EUR/USD is still trapped in a ...
2
Wave analysis of the GBP/USD currency pair for April 13, 2018
Wave analysis of the GBP/USD currency pair for April 13, 2018
Analysis of wave counting:After failing to perform a turnaround, in the middle of yesterday's trading, the GBP/USD pair resumed the upward movement and added almost 100 percentage point in price, updated the highs from March 27, having worked at the 1.4245 mark. Thus, there are grounds for consideri...
2
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