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GBPUSD Elliott Wave Analysis: Uptrend View In Play

GBPUSD remains in uptrend after recent retracement down to 1.6924 which was wave 4 as highlighted in our past updates. We see prices now in wave 5 that has a target around 1.7100, so for now uptrend remains in play but we should be on alert of a bearish reversal if/when 1.6924 support gives way.

GBPUSD 4h Elliott Wave Analysis

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