On the daily chart, GBPUSD appears to have completed an upward correction in the form of a Zigzag (Wave A equals wave C). Now, we seem to have either completed or are finalizing the first five-wave structure downward (1H), signaling a potential trend shift.
After a short-term corrective retracement, I anticipate a continuation of the decline, confirming the bearish outlook for the pair
After a short-term corrective retracement, I anticipate a continuation of the decline, confirming the bearish outlook for the pair
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