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EURUSD: On larger time frame we could clearly see a wave pattern (123) which suggests EURUSD could potentially retrace to 1.15000s. The pattern has been very symmetrical since the start of May with 2 corrections of very similar depth and 2 rallies of very similar magnitude. Momentum is now showing some divergence ahead of good resistance around 1.1800-20 similar...
GBPUSD: Heading for a second week of weakness. The neckline of the bearish h&s top(trigger at 1.3040) on the intraday chart suggests weakness. A clear break will point to more downside risk and a retest of the low 1.28 area. Resistance is 1.3185, the August high so far.
GBPUSD: I am still bullish the pound but want to buy through a dip target 1.32, but would love to buy at least somewhere near 1.29000s. if i get the chance to do so in the coming weeks..
FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD FX_IDC:GBPUSD SAXO:GBPUSD SAXO:GBPUSD CURRENCYCOM:GBPUSD