Pound had a strong fall last week from 1.5818 where we see a top in place because decline unfolded in five waves which means that trend is down. But nothing moves in straight line so be aware of a bounce within a corrective recovery. We are talking about wave 2) that can retrace back to 1.5500 before downtrend may continue from that trendline resistance.
GBPUSD 4h Elliott Wave Analysis
gbpusd elliott wave


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