The USD is in a bullish mode since last week, but on the short-term charts we noticed that most of the USD pairs are now in correction. On GBPUSD we are looking at a three wave rally after it finished a five wave decline at 1.4565 yesterday, so ideally the price will go to higher levels, maybe even to around 1.4700 but only for a short period as the big trend is still down.
GBPUSD 1h Elliott Wave Analysis
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