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Forex GBPUSD Elliott Wave News 1 + 4 hr 26 Oct 2018

Forex GBPUSD Elliott Wave News 1 + 4 hr 26 Oct 2018

Forex-GBPUSD-Elliott...

Forex GBPUSD Elliott Wave News 1 + 4 hr 26 Oct 2018

GBPUSD 1 Hour Chart
Friday, 26 October 2018 at 5:52:00PM AEST

Similar on cable; this one also stays bearish with price now seen in just another corrective fourth wave that can retrace to 1.2867 resistance area where new sell-off may occur towards 1.2700-1.2730 next week.

gbpusd30mn10-26

GBPUSD 4 Hour Chart
Friday, 26 October 2018 at 4:25:00PM AEST

No change.
Cable is currently turning down, ideally unfolding sub-wave C) of a higher degree wave B correction which can look for support and a bounce near the Fibonacci ratio of 78.6. In that zone you can also see 1.2784 swing from September where bears may slow down and maybe cause a strong bounce higher into wave C of a wave II flat formation.

gbpusd4hr10-26

 


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Forex GBPUSD Elliott Wave, Forex GBPUSD, GBPUSD Elliott Wave, Forex, GBPUSD, Elliott Wave,

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