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GBPUSD Weekly – October 19th, 2020

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 should continue unfolding wave ((1)) or ((A)).

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

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