#GBPUSD may potentially be on its completion of the old trend and market structures are now showing an indication of a possible shift in trend. Should price continues to move and make a new higher high above 1.2423 last high after FED neutral stance but BoE keeping its rate but with a hawkish stance, this catalysts could potentially fuel this technical rise in the near term.
With Elliott wave methodology used, the current wave may have started its next trend with the invalidation below 1.2100.
With Elliott wave methodology used, the current wave may have started its next trend with the invalidation below 1.2100.