Wait | 03 October 2022

03 October 2022, GBP/USD

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Wave Analysis

On the British pound chart, the British pound pulled back upwards but could not go beyond 61.8% fib level, as long as the price remains below this fib level, I expect nothing but a possible momentum to the lower side. As it is right now, I am waiting for a rally towards 38.2 % fib level and may push the price much lower towards 1.03860 and may rally much lower towards 1.02 or even lower.

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Bob Stan
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