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Chart Of The Day Update: Gbp/USd Correction Chart Of The Day Update: Gbp/USd Correction - Nov 3 09 13:36 EST
Gbp/Usd 4 Hour chart trend: Mixed . Main price points: 1.6249, and 1.6691. Looking for: Wave B)/II) After the recent price action, it seems that the black wave B)/II), short, may not yet be completed, as the recent turning point appeared very close to the 1.6691 wave A)/I) high. This was probably the top of the small blue wave b, followed by a lower wave c in progress, which may fall down to the 50% or 61.8% retracement of the wave A)/I) distance over the coming sessions, at 1.6200 and 1.6100, if gloobal equity and commodity trade finds resisatance. Confirmation comes in by holding below the 1.6249 area. Below is one of three charts posted on this currency to members each day, that make up thirty charts in total that cover six major currency pairs, equity futures, oil, gold, and the dollar index. To access all, and to also recieve trade plans, signals and member benefits, join TheLFB today.
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