GBPUSD: Elliott wave analysis and forecast for 28.04.23 – 05.05.23
Main scenario: consider long positions from corrections above the level of 1.2353 with a target of 1.2700 – 1.3050.
Alternative scenario: breakout and consolidation below the level of 1.2353 will allow the pair to continue declining to the levels of 1.2182 – 1.2003.
Analysis: the fifth wave of larger degree V presumably finished developing on the daily chart, with wave 5 of V formed as its part. The first bullish wave (1) is complete on the H4 chart. A bearish correction finished developing as the second wave (2), and the third wave (3) started unfolding, with the first wave of... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3HmgiP4
