After a strong corrective move, GBPUSD is showing signs of recovery. The recent decline may have completed an ABC corrective wave pattern, indicating that a new upward move could be underway. Traders should monitor for bullish confirmation signals to join the potential uptrend.
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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.