GBPUSD 1h Elliott Wave Analysis |
No real change on GBPUSD in the last 24 hours; pair made three legs down to 1.6758 which is a corrective move, so ideally pair is at the start of a new bullish leg that may reach 1.6870-1.6900 area.
USDCHF move close to 0.8860 yesterday but bears remain in play for the rest of the days with reversal down and daily close at 0.8810 level which suggests more weakness in sessions ahead. Ideally market will break-down into wave (iii) towards 0.8775 and even lower in sessions ahead.
USDCHF 1h Elliott Wave Analysis
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