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Elliott Wave Analysis: Complex Correction On GBPUSD Points Higher

GBPUSD made a sharp drop in the past couple of trading sessions, which we now see it as final wave C of B). Ideally current drop represents the final piece of a complex correction, that may find support near the Fibonacci ratio of 50.0 and from there turn higher. A five wave rally and a breach of 1.2984 level would later then suggest a bullish continuation.

GBPUSD, 1H

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