Elliott Wave GBP/USD: New Sell-Off Can Occur from 1.5320-1.5400

Elliott Wave GBP/USD: New Sell-Off Can Occur from 1.5320-1.5400The GBP/USD found support yesterday around 1.5130, from where we now labeled the end of an extended black wave 3 followed by a corrective rally in wave 4.

Corrections are minimum three wave patterns, so we expect to see more upside price action in the near future. A nice resistance is coming in at 1.5320-1.5400.

Forex Analysis by Gregor Horvat at ForexPros. com