A view on the GBP/USD from Morgan Stanley Elliot Wave technical analysis:
MS say:
- A bullish impulsive structurehas begun in GBPUSD.
- Currently in a 3rd wave, this suggests there is further upside for GBPUSD
- A move above 1.57, just above the recent high, opens the way to moves beyond 1.59, we believe.
- We would put a stop at the b-wave low at 1.5338.
Comments from EW traders, or anyone with a GBP/USD view welcome!
