GBPUSD Daily Elliott Wave Count
The GBPUSD is at or near completing 5 waves up from 1.19586. As long as the pair holds above 1.3230 then I could see the pair extend with some 4th and 5th waves before the wave 2 correction.
I am looking at this 5 waves up as Wave 1 of a larger degree C wave with a target up near 1.4686. This would complete a 4th wave of a larger degree Ending Diagonal.
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| GBPUSD Daily Elliott Wave Count |