GBP/USD continues to show weakness after yesterdays drop after the minuets, prices broke a symmetric triangle which most commonly occurs at wave 4 positions under the Elliott wave theory. The 1.5800 price level should provide a good support area were the lower trend line and Wolfe wave regression line converge.
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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.