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Elliott Wave#GBPUSD 1H16 October 2026

#GBPUSD 1H

Technical Analysis

#GBPUSD 1H

Based on the price action at the current resistance zone, potential scenarios have been outlined.

A trend reversal is expected around the marked resistance levels, potentially signaling the beginning of a corrective move.

⚠️ Price reaction to key levels and proper risk management will play an important role in confirming the next market scenario.

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