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Forex GBPUSD Elliott Wave News 1 + 4 hr 2 Nov 2018

Forex GBPUSD Elliott Wave News 1 + 4 hr 2 Nov 2018

Forex-GBPUSD-Elliott...

Forex GBPUSD Elliott Wave News 1 + 4 hr 2 Nov 2018

GBPUSD 1 Hour Chart
Friday, 2 November 2018 at 11:16:00PM AEST

As expected, after an impulsive five-wave rally and after the NFP report, EURUSD and GBPUSD are turning lower into a potential three-wave a-b-c pullback.

gbpusd1hr11-02

GBPUSD 4 Hour Chart
Friday, 2 November 2018 at 7:33:00PM AEST

Cable keeps moving higher, now very sharply and impulsively, so low must be in place for wave B which means more upside ahead. We are tracking big wave C up of a flat correction, so there is room for  move back to 1.3300 area this month. But like always, be aware of a pullback lower into wave two that can be around the corner.

gbpusd4hr11-02


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