GBPUSD: Sooner Or Later We Will See Reversal Down

GBPUSD moved to a new high as expected so we see price now in fifth wave of wave C), which means that sooner or later we should see a reversal down. Ideally this will occur from around 1.5161 resistance. We anticipate a sharp turn down into wave (5) as whole movement from mid-March can be a flat correction in wave (4).

GBPUSD 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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