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Wait | 12 September 2023

12 September 2023, GBP/USD

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We expect a bullish move in GBP/USD. The current price is at a major impulse outer wave "V" at 1.2449. The price has already formed the minor inner wave "a," and we anticipate a corrective drop to approximately 1.2481 to complete the minor corrective wave "b." You can consider placing a long position after the correction at 1.2481, with your target set between 1.2667 and 1.2694. Please note that Should the price break below the support zone at (1.2481,). impulsively and close below it, this setup will be invalidated.

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Bob Stan
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