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HomeContributorsTechnical AnalysisElliott Wave Weekly: GBP/USD To Move Higher As Third-Wave Advance Still Underway

Elliott Wave Weekly: GBP/USD To Move Higher As Third-Wave Advance Still Underway

Elliott Wave Financial Service
By Elliott Wave Financial Service

As you can see on the 15H chart, it seems like there’s an ongoing extension in wave (3). Wave 3 has finished, so a fourth-wave correction is taking place. The main critical level for this scenario is 1.3484. Broadly, the market could continue unfolding a bullish impulse for wave ((1)) or ((A)) in the coming weeks.

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