Elliott waves analysis – GBP/USD. The price will remain within the forming correction.

The situation with the pair did not undergo any significant changes during the trading day. Remaining within the limits of the ongoing correction, neither of the ever-competing sides made efforts to gain any advantage. Most likely, the current trading week will end in a draw, continuing pointless jumps up and down within the forming correction.

For this reason, it is not recommended to look for any trading opportunities. Wait for the start of directional movement and join it. It is assumed that this direction will be upward, as the development of a bullish impulse, namely its third wave, is expected.