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Old 03-02-2010, 02:31 PM
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Default GBP/USD Elliott Wave Analysis

The British pound fell sharply on risk aversion, reinforcing our preferred count that impulsive wave (iii) is taking place and indicated downside targets at 1.5272 (50% Fibonacci retracement of 1.3500 to 1.7044) and 1.5165 (1.236 times projection of wave (i)) had been met, this wave (iii) almost reached 1.618 times...
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