Elliott Wave View: GBPUSD Has Scope to Extend Correction
Short Term view in GBPUSD suggests the decline from September 14, 2021 peak unfolded as a 5 waves impulse Elliott Wave structure. Down from September 14, wave ((i)) ended at 1.3793 and rally in wave ((ii)) ended at 1.3854. Pair resumes lower in wave ((iii)) towards 1.3616 with internal subdivision as 5 waves impulse in lesser degree. Down from wave ((ii)), wave (i) ended at 1.3806, and rally in wave (ii) ended at 1.3841. Pair resumes lower in wave (iii) towards 1.364...
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