Pound Sterling Price News and Forecast: GBP/USD rally loses steam after UK inflation data
GBPUSD shows a 5 swing sequence from 10.4.2023 low favoring further upside.
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GBPUSD shows a 5 swing sequence from 10.4.2023 low favoring further upside.
In this technical article we’re going to take a look at the Elliott Wave charts charts of Dollar Index published in members area of the website. As our members know USDX has ended cycle from the 99.5 low as 5 waves structure. We were calling cycle completed at the 107.34 peak. Recently Dollar has reached extreme zone, equal legs area from the 107.34 peak and completed the short term cycle as Elliott Wave Flat.
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