GBPUSD is moving higher in a sharp manner after UK CPI came out above expectations. On cable we see a completed flat correction at 1.5560 so new highs should follow as the current upward reaction looks impulsive. We see room for a rally up to around 1.5720-1.5740 area for wave C.Â
GBPUSD 1h Elliott Wave Analysis
EURAUD bounces nicely this morning, now breaking out of a corrective channel that suggests a completed wave (4) at recent low. I could be looking for new longs soon, but want to see 1.5142 broken. Then we will keep an eye on wave 2).
EURAUD 1h Elliott Wave Analysis
