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GBPUSD: Downtrend Has Extended To 1.4500-1.4550

Discussion in 'Technical Analysis' started by Kaitlin, Jan 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    GBPUSD is at new low so obviously wave 4 is already completed at 1.4815 with another sharp correction. We see current price in wave 5, final leg within an extended wave 3) that can be underway towards 1.4550 area where we see some Fibonacci ratios that can act as a[​IMG]

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