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Elliott Wave Weekly: GBP/USD To Move Higher As Third-Wave Advance Still Underway

As you can see on the 15H chart, it seems like there’s an ongoing extension in wave (3). Wave 3 has finished, so the current three-wave downward price movement is supposed to be wave 4 of (3). The main critical level for this scenario is 1.3484. Broadly, the market should continue unfolding a bullish impulse for wave ((1)) or ((A)) in the coming weeks.

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