GBPUSD Daily 5th wave PRZ
As per monthly chart, 1.57 is a major level going back decades
There is a potential 5th wave cluster ending at this zone which could potentially mark the start of a 3 wave decline
Early days, but worth noting there is a major resistance level ahead (other than the obvious support around 1.56 'turning into resistance' etc
There is a potential 5th wave cluster ending at this zone which could potentially mark the start of a 3 wave decline
Early days, but worth noting there is a major resistance level ahead (other than the obvious support around 1.56 'turning into resistance' etc
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.