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Elliott Wave Analysis: GBPUSD Undergoing A Possible Reversal

Elliott Wave Financial Service
By Elliott Wave Financial Service

GBPUSD made a sharp bounce in the last couple of hours, which we see as wave B as part of a three wave decline. That said current wave B may see limited upside in the next few trading sessions around the Fibonacci ratio of 61.8, before making a new drop towards wave C).

GBPUSD, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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