GBP/USD (Futures Contract) – Weekly Elliott Wave Analysis

26
ChatGPT ha detto:
GBP/USD (Futures Contract) – Weekly Elliott Wave Analysis
GBP/USD found support around the 1.2097 level, initiating a rally that is currently facing resistance near 1.2900. Based on Elliott Wave structure, this resistance zone is expected to trigger another corrective decline, potentially driving prices toward the 1.1923 - 1.1566 area before the next impulsive bullish leg develops.

The primary count suggests that this decline would complete a corrective structure before resuming the larger-degree uptrend. However, a break above 1.3420 would invalidate this scenario and favor an alternative wave count, indicating that the impulsive bullish movement is already in progress.

Key levels to monitor:
📉 Bearish Target Zone: 1.1923 - 1.1566
📈 Bullish Confirmation Level: 1.3420

Traders should watch for price action signals around these zones to confirm whether the anticipated corrective move plays out or if the alternative bullish scenario takes precedence.






Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.