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Elliott Wave Analysis: GBPUSD Looking Lower

Elliott Wave Financial Service
By Elliott Wave Financial Service

GBPUSD is making a sharp three wave move to the downside, which can be an indication that wave C) found a top at the 1.3126 level. If that is the case, then we will ideally see a five wave move develop to the downside and a breach below the bearish 1.28.11 level.

GBPUSD, 1H

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