Elliott waves analysis – GBP/USD. Impulsive growth is expected.

The pound, following the euro, retreated from local highs, giving false hopes to sellers. Currently, there is an attempt to recover, which is likely to be successful, and the pound will not stop there.

In the near future, impulsive growth is expected, driven by the development of wave 3 of [v], during which the local maximum will be updated. The expected price movement trajectory is indicated in the chart above.

Therefore, initiating trading deals to buy at current market values ​​is a quite promising trading decision.