FX:GBPUSD   British Pound/U.S. Dollar
From my analysis here is what i found on this pair:

Although on the last leg of the elliot wave C, price broke a key level of monthly resistance, it has retraced to the 50% fib.
On all higher TF'S both MA'S are above candles and not in proximity of one another signalling a continuation of the downtrend.
Key price action, both bearish and bullish , so i will be holding out on my entry until there is a trigger.
Target will be the last key level of support which also lands on the -.27 fib price of 1.50076.

This is what i see, what do you see?

Happy trading
My fibonacci is a little off in this chart! I have since rectified this mistake. thanks
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