$GBPUSD- abc or bounce?

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$GBPUSD- abc or bounce?

By Pro Act Traders — Author

Currently we are at 1.6552 and back in the trend. A couple of different scenarios. 1: bullish: a move to the upper day chart trend line @ 1.6650 area) 2: Bearish : A break down below 1.6535 would set up a “c” wave to the support @ 1.6460. The average daily true range (ATR) for the pair currently is 107 pips.

Posted to Introduction to Forex Targe… on Jan 27, 2014 — 9:01 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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