GBPUSD Possible Elliott Wave Interpretation
GBPUSD is currently working an A-B-C zigzag for blue wave 2. Looking for one more leg higher to complete wave (e) of B before pushing lower for wave C.
Target for wave C is 1.25500, The 61.8% Fibonacci retracement of blue wave 1 is at 1.25463. This is the most common level for the termination of wave 2.
Target for wave C is 1.25500, The 61.8% Fibonacci retracement of blue wave 1 is at 1.25463. This is the most common level for the termination of wave 2.
