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Brittiska pund/Amerikanska dollar
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GBPUSD Shortterm Long

By Elliott-Waves-2_0
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After the crash on Friday, a rally towards 1.24 should start in the next few days.
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However, it is also possible that the low at 1.14084 will only complete the w and the low will not be reached until 1.04874. This would shift the target of the subsequent correction down a bit.
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Tonight the low was reached and the rally has now begun.
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At 1.11170, caution is called for once again. Only when the pound clearly exceeds this level is the way further to the upside open.
Elliott WaveEWGBPGBPUSDgbpusdlongpoundpounddollarpoundlong
Elliott-Waves-2_0

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