Elliott waves analysis – GBP/USD: Expectations of Impulsive Growth in the Third Wave Persist.

The situation with this currency pair continues to develop according to the wave scenario. The pound is attempting to gain significant momentum to soar as high as possible. This is necessitated by the potential status of the current wave 3. Third waves are typically the longest and strongest. Considering that we are at the very beginning of this wave’s formation, entering at these favorable prices could yield maximum potential profit.

Previously opened buy positions should be maintained, and additional purchases at current market levels are also recommended.