Currency pair : GBP/USD.

GBP/USD Elliottwave Signal :-

TimeFrame = Daily (Medium Term with High Risk Trade)

Signal = Sell Limit at 2.0600-2.0630 area.

Risk Reward Ratio = 2.3+ (High risk)

First target profit at 2.0350 area.Second is lower at below 2.0250 area.

Stop Loss is between 2.0750-2.0770 area.

Great Britain Pound Elliott wave Analysis :-

Previous GBP/USD elliot wave signal was a success with our target profit within three days after our pending signal has been triggered.

Market boost up immediately on the next day to trade above 2.0500 area.

For today signal we expecting GBP/USD continue to trade above 2.0500 area in short term.It will probably gonna reach 2.0600 area or even higher towards 2.0700 level.

We no gonna trade the bullish but we trade the bigger medium term correction to a new low.I’m expecting a bigger degree of wave c down just after wave b has been completed anytime in next week.

Below is our latest illustrated GBP/USD counting with Elliott wave pattern ideas :-

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Currency pair : GBP/USD.

GBP/USD Elliottwave Signal :-

TimeFrame = Daily (Medium Term with High Risk Trade)

Signal = Sell Limit at 2.0500.

Risk Reward Ratio = 1.0+ (High risk)

Medium target profit between = 2.0270 to 2.0300 area.

Stop Loss is above 2.0600 area.

Great Britain Pound Elliott wave Analysis :-

We witnesses a long flat corrective moves by GBP/USD last week and just early yesterday New York Trading Session we saw Cable break a new high of the year month at 2.0500 point.

For today’s Cable Elliott wave signal we are expecting cable to continue bullish until the end of wave v.We target 2.0520 to 2.0540 area for the top.However Cable could push further bullish if it want to extend its wave v(Expecting 2.0600 for extended wave v).

In near short term setup we choose end of the standard wave v for our entry and trade the corrective wave a-b-c down.So we take 2.0510-2.0500 as our entry and set 2.0270-2.0300 for target profit.

If Cable did choose our prediction not to make higher high than 2.0550 than our priority will be the downside moves towards new low, even lower than our last target on today’s signal.

Anything we will update once we captured a new waves pattern.

Latest update on GBP/USD Elliott waves signal:-

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