Elliott Wave Analysis: GBP/USD In A Three-Wave Bear Move


has five visible waves from the lows at 1.207, suggesting that a wave C of a higher degree is now complete. The latest steep decline from the 1.281 level may be part of a minimum three-wave reversal. That said, be aware of temporary pullbacks on the way. A break of 1.249 would confirm a bearish continuation.

GBP/USD 4-H Chart
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