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Apr 10, 2014 8:00 AM

Bearish divergence + ABC waves retracement pattern forecast 90d Short

British Pound/U.S. DollarFXCM

Description

GBPUSD bearish retracement wave C rally expected after a completed corrective wave (B) at 1.6775. Pair turned very strongly to the upside which is very typical for Elliott ABC Pattern after a completed five wave.
I see a move to 0.618 Fibonacci level, ideally market will go until july down to 1.6038 in 82 days.
Comments
sunny
I like. Do you think there could be dollar strength to pull down EUR/USD?
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