In the currency pair GBPUSD we are witnessing the completion of a 3-wave pattern. These 3 waves can be a zigzag or 3 of 5. But in both cases, a correction should take place. So we expect a small increase and then a price correction. This correction can continue to the level of 1.2800 and in the second stage to 1.2500.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.