GBPUSD: Elliott Waves forecasting the path from 9.16.2014

At the middle of September our Elliott Wave analysis for GBPUSD  suggested that cycle from the 1.6062 low isn’t completed at 1.6278 , just only the first leg W. The price had given us decline in wave X and reached our potential reversal area. Another 3 wave rally from marked zone 1.6170-1.6145 was expected.

Let’s take a look at H1 Elliott Wave charts from the 16. September 2014. to see how we were  guiding our members through this pair.

Note: Some labels have been removed to protect client privileges.

GBPUSD September 16/2014 (NY Update)


GBPUSD September 16/2014 (Mid-day NY Update) Wave X is done at 1.6163 and rally in progres in wave Y…


GBPUSD September 19/2014 (Asia Update)  Due to new price structure and overall market condition count is slightly changed, wave y of (Y) is marked as triple three corective structure – another extension tooward 1.6509 is expected before pull back takes place.


GBPUSD September 19/2014 (London Update) 1.618 extension level is slighlty exceeded,however bounce has happened and pull back is in progress…


GBPUSD September 20/2014 (Weekend Update) First leg (W) is about to complete, short term recovery (x) is expected…


GBPUSD September 22/2014 (Mid-day NY Update) Short term recovery (X) is in progress toward 50-61.8 fib area from the high.


GBPUSD September 23/2014 (Mid-day NY Update) (X) has reached 50-61.8 fib area ,it seems to be in place – another leg lower is expected toward marked 61.8-76.4 fib area.


GBPUSD September 30/2014 (Asia update) The pair has given us decline toward 61.8 fib as expected , analysis suggests another push lower toward equal legs area. (further path and labels have been removed to protect client privileges).


If you would like to have access of EWF analysis in real time feel free to join us.  You have an opportunity to sign up for Trial here and get Full acces of Premium Plus Plan in 2 weeks. We provide Elliott Wave charts in 4 different time frames, 2 live webinars by our expert analysts every day, 24 hour chat room, market overview,daily and weekly technical videos and much more.

If you want to become a Successuful Trader & master Elliott Wave like a Pro, we advise you to attend every day EWF Live Analysis Session , you will learn a lot from our Market Experts. More about subsription plans you can find here . Welcome to EWF !

















Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *