The analysis classifies the primary function of the market as "Counter Trend." This indicates that the GBP/USD pair is currently undergoing a temporary reversal within the broader market trend. In this context, it's crucial to examine potential upcoming movements in the opposite direction. It serves as a valuable resource for traders and investors aiming to make informed decisions based on Elliott Wave analysis. Dollar (GBP/USD) currency pair's price movements on a daily chart. The "GBPUSD Elliott Wave Analysis Trading Lounge Day Chart" dated 3 November 23, provides a comprehensive outlook for the British Pound/U.S. GBPUSD Elliott Wave Analysis Trading Lounge Day Chart, 3 November 23īritish Pound/U.S.Dollar (GBPUSD) Day Chartĭirection Next Higher Degrees: new uptrendĭetails: blue wave 4 of black wave C completed at 1.22860.
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