FX:GBPUSD   British Pound / U.S. Dollar
GBPUSD is in a weekly downtrend. Since the last daily bullish pattern failed, the correction pattern has not been completed and has come down, so an upward wave that draws a 4-hour correction trend line may come out to complete the correction pattern. If so, the overall pattern becomes a weekly correction as it breaks the correction trend line of the last daily downtrend. And we expect a weekly downtrend to continue.
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