GBPUSD Weekly – November 2nd, 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, 15H chart. The high of wave 1 remain untouched, so the bullish outlook is still in force. Therefore, the price is likely going to develop wave 5 of (1) in the coming days.

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