Elliott Wave Analysis Indicates Potential Upside for GBP/USD

Friday, 12 July 2024, 03:29
The post discusses the recent breakout in GBP/USD above previous high, suggesting a potentially bullish trend ahead. The analysis focuses on the Elliott Wave theory, pointing towards an upward sequence starting from a recent low. This indicates a favorable outlook for GBP/USD in the near future. Investors may consider opportunities for long positions based on this analysis.
FXStreet
Elliott Wave Analysis Indicates Potential Upside for GBP/USD

Elliott Wave Analysis: Potential Bullish Trend

The recent breakout in GBP/USD above previous high highlights a potentially bullish movement ahead.

Key Points:

  • GBP/USD broke above the previous peak on 6.12.2024
  • Indicates bullish sequence from 4.22.2024 low

Investors may find favorable opportunities for long positions based on this analysis.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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