Elliott Wave Analysis: Intraday GBPUSD Aiming Higher

GBPUSD made a nice move up on smaller time frames at the expected yellow reversal zone. For now we see this as the beginning of a new temporary uptrend. As we see price made a nice five wave move from 1.305 area, which can indicate higher levels to follow. But nothing moves in straight lines, so a possible correction in blue wave ii can be near. If price breaks beneath the 1.305 area, then previous correction would still be in play.

www.ew-forecast.com
@ewforecast