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Thursday, January 30, 2014

GBP/USD - It finally looks as we are getting the expected downside acceleration.

GBP/USD

It finally seems as we are seeing the expected acceleration towards the downside, that I have been looking for the last couple of days.
Short term I'm looking for blue wave (iii) lower towards 1.6455. We are currently entering the strongest part of the decline I have been looking for, therefore we should expect correction to be small and even sub-normal.
Slightly longer term I expect red wave iii to reach at least 1.6303, but it could easily be lower than that. We will just have to see how the sub-waves unfolds.


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2 comments:

  1. ZinkJanuary 30, 2014 at 11:30 AM

    What do you think Will be the end of that Wave E?

    ReplyDelete
  2. UnknownJanuary 31, 2014 at 4:34 AM

    Hello EWS,

    Thanks for your gr8 analysis ! Would like to know short to medium term view on GBPNZD and GBPAUD.

    ReplyDelete

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