We are projecting a strong drop in the GBPUSD pair .It should good strength blasting through the running flat formed in the second half of May .A push up to 1.25600 price level would be a good place to look to short the pair . We also hope to see a formation of our B wave if our corrective ABC Elliot wave correction which would trigger good sells to our C wave beyond 1.23000.

Fundamentals
Tensions are in FED as there is still a lot of uncertainty on the weather there should be an increase in the interest rate or there should be a halt in further hiking. All eyes are therefore on tomorrows NFP report which could give an idea on what further actions can be taken.

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Elliott WaveForexFundamental AnalysisGBPUSDgbpusdshortWave Analysis

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