I wrote yesterday that “Additional upside is expected. The next resistance is former support at 1.5259. 1.5420 is calculated monthly pivot R1.
Risk can be moved to 1.48. The GBPUSD came close to 1.54 but 5 waves up from the low strongly suggest that the bulk of the move, at least in the short term, is complete. Weakness is expected down to at least 1.4980 over the course of the next several days.
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