GBPUSD

Bearish Outlook :

After an upside correction in Minuette-degree wave (ii), the three straight days selloff indicate the bearish stage that impulsive decline in the same degree wave (iii) is accelerating down.

A decline below 1.5027 (Nov. 6) will confirm the bearish count.

The wave (iii) has potential to decline through 1.4576, where it will achieve the 1.618 times the length of its same-degree wave (i).

GBPUSD - Daily

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