Iridium
Short

GBP/USD DOWNTREND CONTINUATION

FX:GBPUSD   British Pound/U.S. Dollar
45 0 0
GBP/USD             continues to show weakness after yesterdays drop after the minuets, prices broke a symmetric triangle which most commonly occurs at wave 4 positions under the Elliott wave theory. The 1.5800 price level should provide a good support area were the lower trend line and Wolfe wave regression line converge.
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