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Cable (GBP/USD) Eyes Lower: Elliott Wave Analysis

Elliott Wave Financial Service
By Elliott Wave Financial Service

Cable, GBPUSD has been recovering as expected, with three waves up in wave B on 4h time frame which found a resistance later at 1.3268. So far we can see a nice sell-off below the trendline support of a corrective channel which is an indication of more weakness in sessions ahead. Ideally, wave C is now underway down to 1.28-1.29 area.

GBP/USD 4h Elliott Wave analysis

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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