GBPUSD remains in a broader corrective environment, with price action unfolding within a clearly defined channel. The current structure best fits a C wave in progress, following a completed A–B correction.
Importantly, the advance lacks impulsive characteristics and continues to respect corrective boundaries. Momentum remains supportive but not extreme, suggesting continuation within the structure rather than immediate exhaustion.
Until price either breaks decisively above the corrective channel or loses channel support, this remains a structural correction, not a trend reversal.
This analysis is based purely on price structure and momentum behaviour, without relying on indicators or sentiment.
⚠️ DISCLAIMER
This analysis is for educational and structural study purposes only.
It is not financial advice or a trade recommendation.
Markets involve risk — always manage exposure responsibly.
#GBPUSD #ElliottWave #CorrectiveStructure #MarketStructure #ForexAnalysis
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