GBPUSD Weekly – August 31st, 2020

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GBP/USD, Weekly chart. The fifth of the ending diagonal is over. If correct, we’re at the beginning of a new bullish market. In this case, the market is going to rise towards 1.3485 in the near future.

GBP/USD, 12H chart. The price has been rising since wave (C) of ((5)) ended. It seems like the third wave of wave (1) is underway. If so, the market should continue moving up in the coming days.

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