Daily Market Updates: Elliott Wave View: GBPusd Eyeing a Three Wave Zigzag Rally Before Resuming the Downtrend

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Elliott Wave View: GBPusd Eyeing a Three Wave Zigzag Rally Before Resuming the Downtrend

Reported · Written up by our desk · Major Pairs

The short-term Elliott Wave outlook for GBPUSD suggests that the decline from the August 21 high is unfolding as a zigzag corrective structure. The initial leg lower, labeled wave A, completed at 1.314, as shown on the 1-hour chart. Following that low, the pair began a wave B recovery. This rally is expected to correct […] The post Elliott Wave View: GBPusd Eyeing a Three Wave Zigzag Rally Before Resuming the Downtrend appeared first on ActionForex .

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Action ForexElliott Wave View: GBPusd Eyeing a Three Wave Zigzag Rally Before Resuming the Downtrend

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Elliott Wave View: GBPusd Eyeing a Three Wave Zigzag Rally Before Resuming the Downtrend

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