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Waiting to buy GBPUSD

Waiting to buy GBPUSD | 02 August 2023

02 August 2023, GBP/USD

Waiting to buy GBPUSD

GBPUSD is currently dropping in the short term. This is because the market is forming the minor inner corrective wave 'c', which is part of the corrective pattern from major impulsive wave III and major wave IV. We expect the market to drop, reaching at least 1.2597. Please note that this is our target for major outer wave 'IV'. You can place a sell order now with your profit target set at 1.2597 and stop loss at '1.2800'. If you have an active sell trade, simply move the stop loss to breakeven.

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Waiting to buy GBPUSD

Bob Stan
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