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GBP/USD: Elliot wave analysis

Weekly. The formation of the wave [II] is close to an end.

Chart. Weekly GBP/USD

Daily. The pair has almost finished upside impulse in the wave (С).

Chart. Daily GBP/USD

H4. The marking at Н4 shows that we are witnessing the formation of the final upside wave [5]. After this wave is complete, the pair may start a new downtrend.

Chart. H4 GBP/USD

GBP
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