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  • Pound Sings Retracement 0 comments
    Jan 15, 2014 10:11 AM

    As yet another scalar top is formed by the British Pound against the Singapore Dollar (GBP/SGD) at 2.09, traders wonder if this is enough to get it back to the 2.06 level. The probability is high, though, as .06 is already the 3rd untested 100-pip scalar top. This means that breaking the .09 and going to .10 would highly likely bounce it right back down - a good day trade to short term position at hand. SEE CHART HERE.

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