3:18 PM
GBP USD, “Great Britain Pound vs US Dollar”
Most likely, Pound has already finished a large descending impulse 5 of (1). According to wave analysis, this descending movement has met all the requirements. In the nearest future, the price may start a large correction inside wave A of (2).
Just as we expected, after finishing horizontal triangle and leaving it downwards, the pair has reached a new local low. Most likely, the current descending movement has been completed and right now the market is expected to start a large ascending zigzag inside wave (2).
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