FX:GBPUSD   British Pound / U.S. Dollar
501 0 18
Here we have a 5 wave structure. and the price action is rallying off from the support level . As it did in the previous it created the Y wave and now its time for the X wave to complete. Also notice the RSI bullish divergence , its certainly a good indication for a bullish bias. I am expecting Gbpusd             to reach 1.5300 easily. Later on then I will think about the Z but not sure about that now.
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