GBPUSD WEEKLY ELLIOT SCENARIO

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GBPUSD is in wave 4 down correction and the price will probably go lower to the next FIBO cluster or to the ideal blue cluster level at 0.38 Fibo . it is possible to go lower to the red cluster and that will probably be the maximum wave 4 down target .EWO should turn green above zero level to indicate wave 4 completion . if price breaks 1.39833 up then wave 4 down correction is completed and the price will be in wave 5 .

Good Luck

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