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10 Sep 2020 ‚óŹ 03:51 AM

The USD GBP pair should continue to decline until it completes a 5 wave move. As of now it is bouncing back in minor wave iv of iii. this means that there are at least 3 more waves down before we can complete a 5 progression and look for the near-term bottom. Longer-term prices formed an expanding ending diagonal last year and we may break below the lower end of this pattern at 0.73

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