Elliott Wave Analysis: Bears Can Take Over On GBPUSD

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GBPUSD is trading sideways on hourly chart ahead of NFP, so we see a new correction unfolding. It can be a flat in wave 2) that can spike up to 1.4572 area from where bears are expected to step-in for a sharp push down into a third leg of decline. Invalidation level is at 1.4768 as long it holds, trend is down!

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