As illustrated in the chart, the truncated fifth wave couldn't move beyond the end of the third and GBPUSD is starting a corrective wave.
On the other hand the SUPPORT line has been broken.
So GBPUSD would be BEARISH.
On the other hand the SUPPORT line has been broken.
So GBPUSD would be BEARISH.
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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.