FX:GBPUSD   British Pound/U.S. Dollar
270 0 6
Still in a downtrend. In the short term looks like we will see come more consolidation towards the current trendline. (Red Dashed) Looks like we are going to see a 50% retracement of the down move. Coincides with the falling trendline, the C in the ABC sequence, as well as the D in the ABCDE sequence. As shown on the chart this should come to fruition around June so pay attention and watch out for this one!

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