GBP/USD Eyes Higher

  • US data ahead including NFP 
  • GBP/USD looks for one leg down before moving higher 
  • A Rise above 1.400 indicates impulsive bullishness ahead  

GBP/USD trades in corrective Elliott wave triangle a,b,c,d,e pattern. It is now wave e, final leg of this corrective triangle.  

We have US Data ahead including Nonfarm Payrolls. GBP/USD could get support during the that volatile session. Any Intraday downside move will be ideal area to join the Cable’s bullish ride.  

A rise above 1.400 level indicates that GBP/USD is more bullish in the days ahead.  

GBP/USD 4h Elliott Wave Analysis Chart

GBPUSD Elliott Wave Analysis Chart

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