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GBPUSD : Correction Within Downtrend

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 7, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Pound has moved to new swing high in the last few sessions, now testing again 1.5245 resistance so looks like that price is making a three wave recovery from the low. Despite higher prices pair is in a corrective move, but it will reach higher levels within wave 2 as shown on the updated count. We are looking up to 1.5330 now where upside can be limited. Ideally pair will turn down from there this week. GBPUSD, 4H

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