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GBPUSD: Minor Corrective Wave Four In Progress

Discussion in 'Technical Analysis' started by Kaitlin, Jan 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    GBPUSD made another bearish leg after the price took out 1.4560 level. Notice that current decline is extended, so it must be impulsive as part of a much bigger bearish cycle. However, price reached our Fibonacci projected levels for current wave 3-circled where bearish wave can be slowing down; but[​IMG]

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