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GBPUSD Could Be In For A Temporary Pullback

Discussion in 'Technical Analysis' started by Kaitlin, Oct 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On the 4h chart of GBPUSD we see pair falling sharply, breaking below some important levels on bigger time frame charts so it appears that big consolidation in wave IV is already finished and that current leg down is impulsive wave 1, headed to 1.2700 with current red wave 5).[​IMG]

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