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GBPUSD: Reversal Can Be Underway

Discussion in 'Technical Analysis' started by Kaitlin, Mar 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GBPUSD recovered sharply last week after a nice turn up from 1.4050 level where we called end of an expanded flat correction. It was a perfect textbook pattern within ongoing recovery in wave IV. Well notice that pair is turning down now after it touched some important Fibonacci resistance levels[​IMG]

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