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Elliott Wave Forex GBPUSD 1 + 4 hr - 14 Jan 2019

Elliott Wave Forex GBPUSD 1 + 4 hr - 14 Jan 2019


Elliott Wave Forex GBPUSD 1 + 4 hr - 14 Jan 2019

Gbp/Usd 1 Hour Chart
Friday, 11 January 2019 at 6:50:00PM AEST

Pound has been very weak last year, but this currency surprised with a significant turns a lot of time in the past, so I would not be surprised if from the weakest will turn out to be one of the strongest by the end of January. In fact, we see nice five waves up and now three wave set-back that can stop near 1.2620.


Gbp/Usd 4 Hour Chart
Monday, 14 January 2019 at 6:46:00PM AEST

GBPUSD made a sharp bullish reversal recently, wave 1)/A) from the lows(1.240 level), which was quite expected as we were tracking an ending diagonal within red wave C). We now look forward to a bigger three-wave rally, where wave 1)/A) is already completed. That said, a flat correction can now unfold within the following wave 2)/B), with possible support near the 1.262 level.



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