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Wednesday, January 11, 2012

GBP/USD - Is attempting a break down

GBP/USD - Is attempting a breakdown from support at 153.60 a clear break below here will mean a continuation lower towards at least 151.70, but probably even much lower, with the next strong support in the 142 area.
Longer term the [B]-wave triangle should cause a decline below the ending point of wave [A] at 136.87.

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