GBPUSD Could Retest 1.5163 Spike Before Turning Down

GBPUSD turned up after accomplished five wave decline from 1.5550 that represents wave (5) within big impulse. Based on latest recovery to 1.5163 we assume that corrective wave has began, which means that three waves up are expected. We are looking for (A)-(B)-(C) move that can spike above 1.5163 before turning down.
GBPUSD 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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