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The GBPUSD wave structure as of late has been a tricky one to count, but with the help of a channel confluence, it looks like the pair in an area that could complete the cycle from 1.5928.
The chart below shows the 4H count
As per the count, the pair has now completed wave (a). We would expected a retracement from this point towards the highs at 1.5928 to complete wave (b) before the pair once again turns bearish in wave (c).
The chart below shows the 4H count
As per the count, the pair has now completed wave (a). We would expected a retracement from this point towards the highs at 1.5928 to complete wave (b) before the pair once again turns bearish in wave (c).
