Elliott waves analysis – GBP/USD. Expectations for a fifth wave impulse remain.

The pound is attempting to regain control of the situation and gradually resume its strengthening. The situation still favors this scenario. There were no significant changes during the last trading day, so we continue to view the previously proposed scenario as the primary one.

In the near future, an impulsive rise is expected, during which the third wave will be formed as part of wave [5] at a higher level. The potential for movement is quite interesting, so it’s worth considering participating in it.

You can enter trades at current market prices, with a target level of 1.3000.