GBP/USD Is Facing A Correction

GBP/USD has completed its first five waves up from recent lows. We can count a clear five wave movement to the upside and that is why we now expect a pullback in the a)-b)-c) corrective manner.

We will look for the support of this correction around the former black wave iv near 1.3240 region, from where we expect at least one more equal leg up on this pair.

GBP/USD, 15-Min

GBP/USD 15-Min Chart

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