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Short

GBPUSD near reversal

FX_IDC:GBPUSD   British Pound/U.S. Dollar
595 3 7
Since 8th July low, this pair has been in corrective pattern ii, PA maintained below 61.82% retracement of the impulsive decline wave i, extending more than 1.6182 x time taken by wave i.
This wave ii correction (a distribution) could terminate near 0.6182 at the extremity of it's (c) wave.

It's overdue in TIME, right PRICE and PATTERN nearly complete for a resumption of down-trend wave iii             .

Longer term snapshot :
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Related Ideas

Tracking minor waves on 5min chart for potential reversal in the coming ............ hours.
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Whether it's reversing or a final push up is due, the potential is on the downside unless upper channel line is broken.

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Tracking development of minor waves of wave (c), on track for reversal.
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