Elliott waves analysis – GBP/USD. The price is preparing for a strong impulsive growth.

The situation for the pair under consideration is identical to that currently forming for EUR/USD. The attempt to grow was unsuccessful, but most likely it was only reconnaissance and preparation for further rapid movement, in which the elongation in the third wave of the impulse will form.

If this really happens and the assumption is confirmed, then we may see a fairly good impulsive growth. The possible trajectory of the price movement is schematically indicated on the above graph. The potential is really very good, so it is recommended to look closely at the possibility of concluding buy transactions at current market values.