GBPUSD Still more juice left for downside

Short

British Pound / U.S. Dollar (FX:GBPUSD)

FX:GBPUSD British Pound / U.S. Dollar

GU is moving in a downward Trend (4 hour chart). As can be seen, the pair has yet to finish the 5th wave to the downside. At the moment, a bounce is expected maybe all the way up to 1.52990. However, once the pair reverses, get ready to move down till atleast 1.5000.

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