Elliott Wave Analysis: GBPUSD Turning Nicely Up With A Bang

Cable bounced sharply this week, which has been expected as we saw pair in final stages of a corrective decline in wave B. A reversal to 1.2420 is strong, thus probably an impulse that will take this pair much higher in days ahead, especially after wave two pullback which can be nice set-back to join the bullish rise for a big wave C up, while market is above 1.1984 swing low.