📈 $GBPUSD Elliott Wave Analysis | Market Outlook

Today’s analysis focuses on British Pound / U.S. Dollar (GBP/USD) using Elliott Wave Theory, Market Structure, Price Action, and Technical Analysis to identify the primary market scenario.

Primary Scenario (8H Chart)

🔹 Current Wave: Sub-wave (v) / Wave 3 complete / Wave 4 developing

🔹 Expected Move: Temporary corrective rebound UP in Wave 4, followed by a final impulsive sell-off DOWN in Wave 5 toward lower targets

🔹 Target Resistance Zone (Wave 4): ~1.33200

🔹 Key Target (Downside): ~1.31200 (Wave 5)

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⚠️ Disclaimer ⚠️

This content is provided exclusively for educational and informational purposes and reflects a personal market analysis based on Elliott Wave Theory and Technical Analysis. It does not constitute investment advice, financial advice, or a recommendation to buy or sell financial instruments. Always conduct your own research and consult a licensed financial advisor if necessary.

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