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GBPUSD, Elliot Wave Analysis
9/5/2022 12:04 PMA fall is possible.
On the daily chart, the fifth wave of the higher level V develops, within which the wave (1) of V forms. Now, the fifth wave of the lower level 5 of (1) is developing, within which the wave iii of 5 is forming. If the assumption is correct, the GBP/USD pair will fall to the area of 1.1300–1.1050. In this scenario, critical stop loss level is 1.1887.
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