Hello friends In the GBPUSD currency pair, we see the formation of a clear 5-wave pattern. Waves 1, 2, 3, and 4 are clearly formed. Wave 5 is probably completed and divergence can be seen in wave 5. Usually, the presence of divergence is one of the indicators of wave 5. I could not count wave 5 completely, but I am sure that we are at the end of wave 5. This issue is associated with price divergence and concentration and reaching a trend resistance (1.2800). So we can check the theory of the beginning of a downward trend. Therefore, I expect a downward trend. This decline can continue until 1.2500 and 1.2350. Be successful and profitable.
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