Cable is trading nicely lower for the last couple of weeks, and possibly now breaking down within wave three of three towards 1.5300 projected region, where we see 161.8% extension of wave 1) measured from wave 2) high. As such, based on the current price action we expected more weakness this month as long as 1.5950 swing high will stay in place.
GBPUSD Daily Elliott Wave Analysis
gbpusd elliott wave

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