Elliott Wave Analysis: GBPUSD Trading In A Five Wave Impulse

GBPUSD trading in a three wave correction of wave 4, now in final stages of sub-wave c. That said support for the corrective wave 4 may be around the 38.2 Fibonacci ratio, from where a new reversal higher into wave 5 may follow. Afterwards wave 5 of 3) may reach levels around the 1.2919 region.