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GBPUSD: Correction Still Unfolding And Pointing Lower

Discussion in 'Technical Analysis' started by Kaitlin, Apr 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBPUSD has turned up recently, more than we anticipated so we suspect that big recovery on a daily chart is still unfolding. We see pair in temporary bounce, it's corrective wave IV that seems to be a triangle in progress. That's a five wave pattern in contracting shape that occurs[​IMG]

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