On this technical weblog, we are going to have a look at the previous efficiency of the Day by day Elliott Wave Charts of GBPUSD. By which, the rally from 13 January 2025 low is unfolded as impulse sequence & confirmed a better excessive sequence due to this fact, referred to as for an extension larger to happen. We knew that the construction in GBPUSD ought to stay supported & lengthen larger. So, we suggested members to not promote the pair & purchase the dips in 3, 7, or 11 swings on the blue field areas. We are going to clarify the construction & forecast under:
GBPUSD Day by day Elliott Wave Chart From 11.01.2025
Right here’s the Day by day Elliott wave Chart from the 11.01.2025 Weekend replace. By which, the rally to $1.3789 excessive accomplished wave (3) & made a pullback in wave (4). The internals of that pullback unfolded as Elliott wave double three correction the place wave W ended at $1.3142 low. A rally to $1.3726 high-ended wave X bounce. Then began the following leg decrease in wave Y in direction of $1.3082- $1.2683 blue field space. From there, patrons had been anticipated to seem on the lookout for new highs ideally or for a 3-wave bounce minimal.
GBPUSD Newest Day by day Elliott Wave Chart From 12.13.2025
That is the newest Day by day Elliott wave Chart from the 12.13.2025 Weekend replace. By which the pair is exhibiting a robust response larger happening, proper after ending the correction throughout the blue field space. Allowed members to create a risk-free place shortly after taking the lengthy place on the blue field space. Nonetheless, a break above $1.3789 excessive is required to verify the following extension larger. In the direction of $1.3972- $1.4270 ( minimal extension goal) and keep away from deeper correction decrease.
Supply: https://elliottwave-forecast.com/bluebox-wins/elliott-wave-action-gbpusd-reaction/