Cable with ticker GBPUSD has been trading lower recently, but was seen in fifth wave, so the bearish move could come to an end, because we know that after every five-wave move, the market typically sees at least a three-wave rally, so we can expect some recovery.
It made some nice rebound, and it’s now also breaking out of a downward channel, which confirms a continuation up for wave C or 3 at least up to 1,28 area for wave C or higher for wave 3.
GBPUSD 4H Chart
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