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TimeWaveTrading
Aug 8, 2022 4:14 AM

GBPUSD update 

British Pound/U.S. DollarFXCM

Description

GBPUSD can be processed as a weekly correction process. Therefore, it is likely to descend into the weekly demand zone. However, the weekly correction can grow the extended W-X-Y structure. This will escalate to a monthly correction process. To do that, it must first break upwards in the 4hrs supply zone. Otherwise, it is likely to descend into the weekly demand zone.
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