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Chronos

Classical Overshoot

British Pound / U.S. Dollar (FX_IDC:GBPUSD)  
Chronos  
FX_IDC:GBPUSD   British Pound / U.S. Dollar
4
0
This is a classic overshoot reaction of market participants with the unexpected news.

--Expect it to retrace to the .500/.618 levels, (around 1.40s) before heading lower in the long-run.
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