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GBP/USD And USD/JPY Bullish Pullbacks In Down Trend

Discussion in 'Technical Analysis' started by Kaitlin, Jan 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD has shown a bullish bounce at support (green). A break below support could see price fall towards the Fibonacci levels. The EUR/USD bounce could be part of a larger correction up to resistance (red) which could be marked as wave 1 or A. The break below support invalidates[​IMG]

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