As you know I count the rise started from 1.3654 (11 march) as wave C of a flat correction developed since 1.3503 (23 January). This wave C is a terminal impulse (ending diagonal) which ended at 1.5065 (16 April). The break of the 2-4 trendline as well as the fall.... UWCFX
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[Source: Daily Forex Outlook: GBP/USD]
Thursday, April 23, 2009
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