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Elliott Wave Forex GBPUSD 1 + 4 hr - 21 Dec 2018

Elliott Wave Forex GBPUSD 1 + 4 hr - 21 Dec 2018


Elliott Wave Forex GBPUSD 1 + 4 hr - 21 Dec 2018

Gbp/Usd 1 Hour Chart
Thursday, 20 December 2018 at 12:31:00AM AEST

Big day today, so let's scan some charts before FED meeting. Cable bounces again from the lower black trendline after three waves of correction, so we can see now two bullish setups of different degrees. That said, if Cable goes jumps back above 1.27, then we may see much higher levels! But if drops below that black trendline and 1.2530 level, then bears would be still alive.


Gbp/Usd 4 Hour Chart
Friday, 21 December 2018 at 6:47:00PM AEST

No change.
GBPUSD can be unfolding a bearish impulsive development, down from 1.317 area with current sub-wave iv of 3 in play. Resistance for this wave iv can be near the 1.270 level, where the upper channel line can react as a reversal lower for a sub-wave v towards the 1.240 area.
Stegbar reference number 185091.



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