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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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  • GBPUSD Correction Within Uptrend – Elliott Wave Forecast  0 comments
    Nov 22, 2013 9:07 AM

    GBPUSD is again at the weekly highs so we know adjusted the wave count as we see less and less possibilities for a bearish count. We reviewed the structure from last 30 days which has evidences of a corrective price action. We labeled a flat in wave B with termination point at 1.5853 from where an impulsive rally is expected to revisit 1.6255.

    GBPUSD Elliott Wave Analysis 4h

    (click to enlarge)

    Written by www.ew-forecast.com

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