GBPUSD

On this Cable’s daily frame, the Minor counts explain the sub-waves in a completed cycle at a larger degree – A decline in a five-waves sequence from the 1.7191 high on July 2014, then an A-B-C formation as the expanded flat correction.

The Cable, same as the Euro, has the potential to go sideways on the current levels, however, the broader outlook could be bearish while the price holds below the 1.5815.

GBPUSD - Daily

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