Elliott Wave Analysis: GBPAUD Could Be In For A Reversal At 1.62

Got a question for GBPAUD after recent sharp turn down. Well on the daily chart, I see price falling into a fifth wave of a decline that can represents final piece of a bearish trend if we consider idea of an A-B-C decline from 2015 high. That said, a bullish turn can be coming in weeks ahead, ideally from around 1.62-1.64 area where pair my find a support at some strong Fib. levels.

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