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GBP/USD Elliott Wave Analysis

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 3, 2016.

  1. Lily

    Lily Forum Member

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    Cable finally broke above previous resistance at 1.4669, adding credence to our view that the erratic rise from 1.3836 low is still in progress, indicated upside target at 1.4760-65 (61.8% Fibonacci retracement of 1.5336-1.3836) had been met and bullishness remains for this rise to bring a stronger retracement of medium[​IMG]

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