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Forex GBPUSD Elliott Wave News 1 + 4 hr 11 Oct 2018

Forex GBPUSD Elliott Wave News 1 + 4 hr 11 Oct 2018


Forex GBPUSD Elliott Wave News 1 + 4 hr 11 Oct 2018

GBPUSD 1 Hour Chart
Wednesday, 10 October 2018 at 9:05:00PM AEST

Pound is looking strong after positive Brexit news. I see GBPUSD back in uptrend after recent bounce from 1.3032 which can be wave C of that can be headed back to September highs. However, pullbacks will occur, so in such case watch out for 1.3130-1.3100 area.


GBPUSD 4 Hour Chart
Wednesday, 10 October 2018 at 7:05:00PM AEST

No change.
Cable made a nice rally recently, up from the 1.292 level which is a suggestion that pair is still trading within a complex wave II correction. We see a double zig-zag in play with second A-B-C rally unfolding. Resistance for wave II can later be seen near the 1.33/1.34 region.



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