GBPUSD 1 Hour and 4 Hour Elliott Wave Count Charts
GBPUSD may also see stronger buck if decline from the high will unfold in five waves. For now, that’s not the case yet, but it may be soon, if we see fall from here to 1.3000. In such case I would be interested in shorts after pullback.
Cable has turned nicely down from 1.3300 area where we see evidences of a completed wedge in wave C. Its an ending diagonal that is now pointing for more weakness ahead since its a powerful reversal pattern that can send prices back to the starting point of the pattern. In our case that's at 1.2783, and even lower after that if we consider the idea of a completed three wave recovery from August low.
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