In focus today In the euro area, we receive data on industrial production from October, which will give the first hard data point for production in Q4. Industrial production has been on a negative trend for two years without any sign of stabilisation. Statistics Sweden publishes the latest labour force surveys outcome at 8:00 CET. […]
Short Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and pullback in wave ((ii)) ended at 1.2445. The pair extends higher again in wave ((iii)) with internal subdivision as an impulse in lesser degree. The […]
The post Elliott Wave Analysis Expects GBPUSD to Pullback in Wave 2 appeared first on Action Forex.
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