GBPUSD is in a recovery mode, away from 1.0650 where we marked a completed wave 3) that has an open gap near 1.6330. Those gaps usually react as a resistance once they are filled. Therefore, we are even more confident that rally from the low is corrective and temporary; ideally it's wave 4) that will complete a pullback in the next couple of days and send price back down, into wave 5) that can fall even beneath 1.6000 psychological level. In the meantime critical level remains at 1.6531 as wave 4) must not trade into the territory of a wave 1).
GBPUSD 4h Elliott Wave Analysis
gbpusd elliott wave

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