Elliott waves analysis – GBP/USD. The correction in the form of a zigzag continues to develop.

The price of this pair has also not yet determined its direction. However, the overall situation is more or less clear. It looks like a correction in the form of a zigzag is continuing. Within it, wave b is forming, and the market will likely continue to work on it in the near future. In this situation, the aimless wandering of the price will continue, so it is not recommended to make any trading decisions at this time. It is necessary to wait for the completion of this sideways movement and then enter sell trades at the beginning of wave c of [ii]. Until then, it is best to remain on the sidelines.