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GBPUSD: Correction Completed

Discussion in 'Technical Analysis' started by Kaitlin, Oct 29, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Pound is looking bearish against the USD after recent reversal down from above 1.5500 where market probably accomplished a three wave move up from 1.5100. Notice that price recently also took out the lower trendline of a corrective channel which suggests that continuation down is in play. A break beneath[​IMG]

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