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Trader, analyst and instructor with a 6-year experience

GBP/USD: weekly wave analysis

Weekly. After the end of the corrective wave B (wave flat) we see a decline in a descending trend C.

Daily. There is an impulse [1] and a bullish correctiom [2] inside of it. The price is now descending in a new bearish wave [3], that can be very strong.

H4. The market is ready to plummet this week. We recommend following the pairs and not to trade against the trend. 

GBP
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