GBPUSD BUY TO $1.3200 (UPDATE)

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Bullish momentum seems to be holding up for GU & price action looks like it is getting ready to break above the current trendline, which'll indicate market is ready for further upside.

Price compression within Wave IV to V is getting tighter, so if DXY weakens this week, it'll support further GU upside.
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Since my update on GU since last night, price action has moved as I called it! Price has broken above the trendline, with a strong 4H bullish candle. Further indication that market is now in a bullish structure.

Wave 1 (5 Sub-Waves) complete. Now time for a move up towards Wave 2!
DXYGBPGBPUSDguTrend AnalysisUSDWave Analysis

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