GBPUSD Elliott Wave Analysis – 4H

Wave iv flat correction above support

GBPUSD Elliott Wave analysis currently shows price consolidating in a wave iv flat correction within a broader bullish structure on the 4H chart. The pair is holding above the 0.382 Fib support at 1.32855, which aligns with the base channel support and keeps the medium‑term uptrend intact. As long as this zone continues to hold, the working assumption is that wave iv is still unfolding rather than a full trend reversal

GBPUSD Elliott Wave Analysis – Wave iv Flat on 4H

Intraday structure and bullish trigger

Intraday, the bias is neutral‑to‑bullish while wave iv completes, with attention on the internal structure of wave (c) of ((b)). The plan is to wait for internal wave (4) of ((c)) to form(around1.33430) and then look for a break back above that high as the trigger for renewed upside momentum. If that confirmation arrives, the next objective is a wave v advance targeting the 0.618–0.764 Fib zone between 1.35418 and 1.36354, where prior resistance and Fibonacci confluence may cap the move.

When the Elliott Wave count fails

If price were to lose the 1.32855 support and break cleanly below the base channel, it would warn that wave iv is evolving into a deeper correction or that the larger bullish count needs to be reassessed. Until then, GBPUSD Elliott Wave analysis continues to favour buying dips into support rather than chasing extended strength at the top of the range.