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Monday, May 10, 2010

GBPUSD daily wave analysis

My first post was in GU pair, after a stunning break last week at resistant 1.4778. It can be estimated that the pair will continue to move downward in completing the wave 5. The first target area of wave 5 is around 1.4724 and if it will be break easily this week thats make it second target area at 1.4204
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