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Jun 27, 2016 12:24 PM

GBP/AUD - Possible Cypher set up 

BRITISH POUND / AUSTRALIAN DOLLARICE

Description

As per Cypher rules, Leg BC should reach at least 127.2% = 1.7550 but the candle should not close below point C. So the area between 1.7550 and point C could be treated as zone from where we could head higher to Leg D, which is a potential reversal zone. The RSI is oversold as well.

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