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GBPUSD Shows Weakness Against USD – Elliott Wave

Pound is finally showing weakness against the USD from 1.5820 where we called end of a corrective rally. Ideally that was wave (2) high so current sharp decline is part of an extended wave three that will continue through September if we consider very aggressive sell-off which is typical for wave (3) of an impulsive structure.
GBPUSD Daily Elliott Wave Analysis

gbpusd elliott wave

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