Elliott Wave Analysis Points Towards Bullish Outlook for GBPUSD
Friday, 12 July 2024, 05:32
GBPUSD Elliott Wave Analysis
The GBPUSD pair is displaying a bullish bias supported by Elliott Wave analysis.
Key Levels and Wave Structure
- 1.286: Significant level in the wave count indicating bullish momentum.
- 1.261: Another important level marking a pullback in the impulse structure.
The ongoing wave 3 is currently unfolding with clear sub-waves, as seen on the 30-minute chart, suggesting a potential upside momentum in the pair.
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