Phils_Ocean

GBPUSD 4H Wave Analysis

Short
FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is still in corrective pattern and has fallen under the longterm rising trendline. Currently in retesting this trendline from the downside.

I think there is still a little bit room to the upside, another retest and touch of the 38% Fib level before we continue the big move to the downside.

Be patient and trade with care, do not rush anything, wait for proper price action signal.
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