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Elliott Wave Weekly: GBPUSD to break last high

GBP/USD, Weekly chart. The main outlook remains in force. The fifth of the ending diagonal is like over. If correct, we’re at the beginning of a new bullish market. In this case, the price should continue unfolding wave ((1)) or ((A)).

GBP/USD, 15H chart. The main wave count remains bullish. It seems like the fifth wave of wave (1) is underway. In this case, the pair is likely going to break the high of wave 3 in the coming days.

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