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GBPUSD: Lower Levels Could Be Seen

Discussion in 'Technical Analysis' started by Kaitlin, Dec 17, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    GBPUSD has recovered only with three waves from 1.4893 and back to 1.5240 which is a structure of a corrective price action. As such, pound remains in bearish mode, meaning that decline can continue through 1.4893 in the next few sessions especially as current channel line can be taken out.[​IMG]

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