Let's look at weekly chart to see wide perspective of gbpusd:
We can see that index is in rally - actually in wave {3} which consists of waves [1],[2],[3],[4] and [5]. Wave [4] ended in the middle of July, and now gbpusd is in [5] wave. Daily chart shows this occurrence:
Wave [5] can reach even 1,7240 level. At the four hours chart it is presented by waves 1,2 and 3:
Gbpusd is actually in 3rd wave, which devides to waves: i,ii,iii, and so on.
Wave [5] will end during next several months, this will be also end of rally and beginning of correction.
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