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GBP/USD: weekly wave analysis

Weekly. The pair’s forming downward Zigzag ABC. After having completed the plane wave B the pair has started declining within the new downtrend C.

Daily. Wave [2] is taking form of a complex corrective wave, which is a Double Triple. The next week we expect GBP/USD to build the final part of this wave.

H4. The market generates an upward Zigzag (y). After completion of the waves A and B we see the development of the final upward impulse C of (y) of [2]. When this wave is completed, a new downtrend will begin, so you need to be prepared.

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