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GBPUSD: Three Wave Rally Underway

Discussion in 'Technical Analysis' started by Kaitlin, Dec 10, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    GBPUSD is recovering with three waves as expected, away from 1.4893. For now, it's still unclear if move will be corrective, like a zigzag or is this start of a new impulsive bullish cycle. But in either case we see room for current wave C/3 towards 1.5260-1.5330. Also, current bullish[​IMG]

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