GBP/USD H4 – Elliott Wave AnalysisGreat British Pound vs. US DollarFX:GBPUSDSamuel124Structural Shift: Y Developing into a Double Zigzag Hello Traders, It's good to be back stronger and better. I trust you are all doing great. Below is my analysis of the current GBPUSD structure. GBP/USD appears to have completed Wave X of a higher-degree W-X-Y double zigzag, with price now transitioning into Wave Y. The recent rejection at (x) suggests a bearish structural shift and the start of Wave (A) of Y. The preferred count is as follows: Wave (A): Decline toward 1.3000–1.2960 Wave (B): Corrective rebound (38.2–61.8% retracement of A) Wave (C): Final impulsive decline toward 1.2950–1.2860, completing Wave Y. Bias: Bearish Invalidation: A sustained break above the recent (x) high (~1.3460–1.3480) would invalidate this count and suggest an alternative corrective structure. Outlook: As long as price remains below the recent (x) high, selling corrective rallies remains the preferred strategy, with the overall expectation of Wave Y extending lower (below W at 1.30087) to complete the higher-degree correction. Cheers and happy trading!!!!