GBP/USD is in a strong recovery, now trading in a final wave five that is part of a higher degree wave C. We can see a completed running triangle in wave four, which pushed price into a fifth and final rise. Wave five of C can now despite strong recovery look for resistance and a reversal around the 1.326/1.345 level, where various Fib. ratios and the middle and upper Elliott wave channel line can act as resistance.
GBP/USD In A Final Leg Higher: Elliott Wave Analysis
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