GBPUSD

Bearish Outlook :

Today’s sharp selloff in Cable, exceeding the 1.5107 low (Sept. 30), indicates the bearish stage that market’s decline in Minor-degree wave 3 has started to accelerate.

The wave 3 has potential to decline through 1.4177, where will achieve the 1.618 times the length of the “leading diagonal” as wave 1.

GBPUSD - DailyGBPUSD - Daily

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