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Further GBP Weakness Expected By Fibs And Wave Structure

Discussion in 'Technical Analysis' started by Kaitlin, Jun 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The GBP/USD seems to building a 5 wave structure (blue) within the wave 5 of the 4 hour chart. Wave 4 (blue) respected the 50% Fibonacci level. A push above the 78.6% invalidates the wave 4. A break below the support trend line (green) could start the wave 5 (blue).[​IMG]

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