GBPUSD Chart Technical Outlook limited selling with 1.3081 prime support
GBP/USD completed a bullish 5-wave count (Elliott wave) at the 1.3267 swing high. We are now assessed as being within a corrective formation to the downside. Bespoke support is located at 1.3081. This is also the base of a previous demand zone.
Conclusion: Although there is a possibility of mild losses at the open, I look to 1.3081 to attract some buying interest. Expect trading to remain mixed and volatile.
