What This 28 Year Pattern Forecasts for GBP/USD

Using Elliott Wave analysis, the GBP/USD price forecast is for a large multi-year rally to continue. There is a pattern that began in 1992 that was a large down trending pattern. We can count the minimum Elliott waves in place as of March 2020.

Additionally, Cable has pressed above an important trend line this week adding credibility to the termination of the 28 year Elliott wave ending diagonal pattern.

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