Tuesday, October 1, 2013

GBP/USD Elliott Wave Analysis

Although the British pound has risen again and recent upmove may extend further gain to 1.6320-25, as broad outlook remains consolidative, reckon previous chart resistance at 1.6380 would limit upside and bring retreat later, below 1.6100 would bring pullback to 1.6000, however, reckon support at 1.5955 would limit downside. Looking



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