1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

British Pound Beginning Large Recovery

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 25, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Although the EURUSD pattern is not as clear, the GBPUSD, AUDUSD, and NZDUSD patterns all suggest US dollar weakness over the next several weeks if not longer. Altering the structure slightly, the rally from 1.4554 is probably wave 4 of (3) (within a 5 wave decline from 2.1160). Significant resistance...

    complete article here...

Share This Page