Tuesday, October 22, 2013

GBPUSD Could Attack 1.6260 High

GBPUSD spiked down to 1.5890 last week but then reversed strongly to the upside, above 1.6120 swing. If we take a look on the latest decline more closely then we can actually count 7 legs down from 1.6260 which is the number of subwaves in corrective retracement. With that said,



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