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GBPUSD: Corrective Bounce In View

Discussion in 'Technical Analysis' started by Kaitlin, Jan 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBPUSD fell sharply at the start of the week and hit our Fibonacci level, and even extended its weakness for nearly 80 pips. However a reversal was quite strong after that from 1.4350 so we assume that extended black wave 3 is completed and that market is now trading higher[​IMG]

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