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GBP/USD Corrects; COAL INDIA Faces Potential Drop

4/8/2025

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Summary

Story summary

The GBP/USD pair is currently in a corrective phase, marked by Navy Blue Wave 2 after completing Wave 1, with a crucial level to watch at 1.21000. Meanwhile, COAL INDIA is experiencing Gray Wave B within Orange Wave 4, hinting at a brief respite before a possible drop into Gray Wave C, with an important threshold at 543.16.

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Story summary

The GBP/USD pair is currently in a corrective phase, marked by Navy Blue Wave 2 after completing Wave 1, with a crucial level to watch at 1.21000. Meanwhile, COAL INDIA is experiencing Gray Wave B within Orange Wave 4, hinting at a brief respite before a possible drop into Gray Wave C, with an important threshold at 543.16.