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GBP/USD In Wave 4 And USD/JPY In Triangle

Discussion in 'Technical Analysis' started by Kaitlin, Dec 2, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD showed a bullish bounce yesterday from the 138,2 support Fib but price is now at a resistance level (orange) of the downtrend channel. This is a break or bounce for the EURUSD. A bullish break could see price retrace higher as part of wave Y (blue).[​IMG]

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