GBPUSD, Develops Decisive Descending-Channel, Determinations!

Hello,

Welcome to this analysis about GBPUSD and the daily timeframe perspectives. In recent times GBPUSD showed up with important developments in the structure that can move on with further determining breakouts and increasing volatilities when GBPUSD shows up with the right confirmations. Therefore, when looking at my chart we can watch there how GBPUSD is forming this massive descending-triangle-formation with the coherent wave-count within the formation and the waves A to C already completed, now the next wave is the wave-C which will likely develop as GBPUSD bounces within the lower-boundary and the 800-EMA marked in red lying within there. When GBPUSD moves on with the bounce and continues with the wave-count there is only one wave remaining which is the wave-E which will be completed once GBPUSD bounced again within the 800-EMA appropriately and when this happens with GBPUSD moving on with the descending-triangle-breakout above the upper-boundary it will complete the whole formation and GBPUSD will appoint the targets ahead of the upcoming times, for now, we need to keep patient for the final confirmations before moving to further conclusions, it will be an important development ahead.

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