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Thursday, January 30, 2014

GBP/USD - Expect more downside towards 1.6399 soon.

GBP/USD

Blue wave (iii) came in at 1.6445 just 10 pips below my ideal target. Now I'm looking for Blue wave (iv) in the 1.6490 - 1.6500 area followed by blue wave (v) lower towards 1.6399 to end blue wave iii.

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