The short-term Elliott Wave outlook for GBPUSD suggests that the decline from the August 21 high is unfolding as a zigzag corrective structure. The initial leg lower, labeled wave A, completed at 1.314, as shown on the 1-hour chart. Following that low, the pair began a wave B recovery. This rally is expected to correct […]The post Elliott Wave View: GBPusd Eyeing a Three Wave Zigzag Rally Before Resuming the Downtrend appeared first on ActionForex.