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Tuesday, February 4, 2014

GBP/USD - After a minor correction expect more downside towards 1.6109.

GBP/USD

After a minor correction towards 163.67 and maybe a Little higher towards 1.6390 we should see a new decline towards 1.6109 as the ideal target for red wave iii.

Longer term I'm looking for a decline towards at least 1.5854 as the final wave e of the major B-wave triangle is developing.

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