GBP/USD 27th June , 2024 (Wave Analysis)
Updated
A triangle has been forming since the bottom in September 2022 and the E point of the triangle was reached on the 12th of this month. After this point, we expect the corrective wave to end and the downtrend to resume.
The daily 200 MA and the cloud are lying directly below, and I speculate that a break out of this point will accelerate the decline.
I will post a detailed hourly chart in the comments section.
The daily 200 MA and the cloud are lying directly below, and I speculate that a break out of this point will accelerate the decline.
I will post a detailed hourly chart in the comments section.
Note
1 Hour Chart (details)
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