GBPUSD Elliott Wave Analysis: Third Leg Down In Progress

GBPUSD extended losses last week and took out 1.6730 low which means that market is in new leg down that should be made by five legs. We are tracking wave C) / 3) that should be made by five sub-waves, but at the moment we see market only in wave 4 pullback so we expect a new low this week. Only rally back above 1.6810 will suggest that low is already in place.
GBPUSD 4h Elliott Wave Analysis

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