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GBPUSD: Triangle Formation Signals Potential Bullish Breakout
GBPUSD appears to be consolidating within a triangle pattern, which often serves as a continuation structure. Based on the current wave count, I assume we are still within the triangle, likely in its final stages, with a potential breakout to the upside.
Should monitor the completion of Wave E and look for confirmation of the breakout above the triangle's resistance.
Should monitor the completion of Wave E and look for confirmation of the breakout above the triangle's resistance.
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