GBPUSD Three Waves Down In Play

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

FX:GBPUSD British Pound/U.S. Dollar

Cable has turned down from 1.569 and is now trading beneath the trend line . This break down suggest that market is making a minimum three waves down, from the highs. So current leg lower could either be wave c or wave ( iii ), that can be targeting 1.52 as long we trade beneath 1.57.

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