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    Elliott Wave Analysis: GBPUSD Looking Lower

    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

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