#GBPUSD @ critical level, bear term is near
- I think GBPUSD is at its top level since its lowest point in the beginning of 2017.
- The Elliott Wave count since then shows that the 5-wave formation ended.
- There will be a correction in the next days from today's levels to 1.30 range till mid-2018.
- However, from a wider perspective, the appreciation will continue to 1.45-1.50 till 2019-2020.
- 3M-chart also indicates a bullish falling wedge, this illustrates that the appreciation may continue to beyond 2020.