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Gbpusd Is Forming A Short Term Cycle Top

Posted on 04/14/2008 18:00:41 | Link | Post Comment

GBPUSD is forming a short term cycle top at 1.9894 on 4-hour chart. Key support is now located at 1.9650, a break of this level will confirm the cycle top and deeper decline to test 1.9337 (Jan 22 low) could then be seen.




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