• 2 hours Is This The World’s First Truly Democratic Stock Exchange?
  • 5 hours India’s Wealthiest Set To Hold $23 Trillion By 2028
  • 8 hours First Quarter Profits Slip For World's Top Oil Companies
  • 10 hours The Yuan May Be China's Biggest Weakness
  • 1 day Hedge Funds Having A Banner Year
  • 1 day Disney Heiress Asks “Is There Such A Thing As Too Much?”
  • 1 day BHP Turns Bullish On EVs
  • 1 day Investors Turn Bullish On America’s Nuclear Decommissioning Business
  • 2 days The $90M Inflatable Rabbit Redefining Modern Art
  • 2 days Huawei’s Fate In The Air
  • 2 days Tesla Slashes Prices Again
  • 2 days The Modern History Of Financial Entropy
  • 3 days Italy’s Central Bank Embraces Sustainable Investing
  • 3 days Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 3 days Researchers Push To Limit Space Mining
  • 3 days Could China Start Dumping U.S. Treasury Bonds?
  • 4 days Is Winter Coming For HBO?
  • 4 days Rise Of EVs Signals Peak Gasoline
  • 5 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 5 days Gold Mining Stocks Stuck In Limbo
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

GBPUSD Stuck Between Bulls And Bears

Correction completed or no? That's the question I am wondering while looking at GBPUSD. Firstly I assumed that we will see higher corrective for blue wave 4-cricled, because of the degree that I am tracking on a daily chart. I thought we may even see 1.4560 level, but todays decline put some doubt in that view. That said, I prepared two wave counts now, and will be ready to go with the bearish one if we get a daily close beneath 1.4172. Then I would look for a retest of 1.4080 early in February. But until then wave four can still reach higher levels with sub-wave C) if consider possible flat now in wave B). This is now time for patience, as battle between bulls and bears appears undecided.

GBPUSD, 1H (Count #1)

GBPUSD 1-Hour Chart Count 1

GBPUSD, 1H (Count #2)

GBPUSD 1-Hour Chart Count 2

 


If you like our trading analysis, you can visit our website at --> www.ew-forecast.com

 

Back to homepage

Leave a comment

Leave a comment