Elliott Wave GBPUSD: New Sell-Off Can Occur From 1.5320-1.5400
Seeking Alpha Analyst Since 2010
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GBPUSD found a support yesterday around 1.5130 from where we now labeled end of an extended black wave 3 followed by a corrective rally in wave 4. Corrections are minimum three wave patterns so we expect to see more upside price action in the near future before can continue. Nice resistance comes in at 1.5320-1.5400.
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