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GBPUSD at Top of Short Term Range

Published June 19th, 2009 - 06:30 GMT
Al Bawaba
Al Bawaba

The GBPUSD is failing at the top of a short term channel.  This channel is spurious, meaning that it is not defined by Elliott waves.  such channels do not hold.  Expectations are for weakness to extend below 1.6185.




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