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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • Elliott Wave GBPUSD: Intra-Day Resistance Comes In At 1.5280-1.5300 0 comments
    Jul 1, 2013 10:31 AM

    FX market did not move much in the last few hours, so structures are mostly unchanged. On GBPUSD we are tracking a corrective rally from the low which can be wave 4 shown as primary labeled count. Resistance for wave 4 comes in at 1.5280-1.5300, but based on ALT count we also need to keep an eye on 1.5475-current bearish bias would change only above that level.

    GBPUSD 1h

    (click to enlarge)

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