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Temporary Recovery Is In Motion, More Weakness Could Follow Quickly

Discussion in 'Technical Analysis' started by Kaitlin, May 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The only surprise today is to see GBP higher, but because of five waves down from 1.4663 high we see current rally to 1.4550 as temporary and short-lived recovery. Ideally that's a sharp wave 2 that may turn down very soon since price already touched resistance of a former wave[​IMG]

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