GBPUSD Market Outlook

GBPUSD Market Outlook

In GBPUSD, we have one interesting breakout pattern detected by our Price Breakout Pattern Scanner.

Now, I have just marked up it as Triangle correction.

In the screenshot, inside the red box, I have shown potential impulse wave. As its wave 4 have barley touched Wave 1, for now, I just marked up it as being potential one only.

The price action on GBPUSD will soon reveal its direction.

So for now, be ready for the breakout.

Hope this is helpful for your trading.

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elliott-wave-trend

 

 

 

 

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