We can see that the GBP has gained a lot of strength in the past couple of days, something also backed by positive economic date. From a technical standpoint right now we could be seeing one more wave to the downside should my wave count be correct. Looking at the bigger picture I believe we could be in a FLAT or EXPANDED ABC Correction. I'll post a screenshot of the Daily TF perspective in the updates below.
Trade safe and do your own due diligence before executing a trade.
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Trade safe and do your own due diligence before executing a trade.
For further details join us at:
valuedbusinessconsulting.com/
Note
The bigger pictureNote
ready for the move down?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.