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British Pound/Swiss Franc Resistance Begins at 2.1250

Discussion in 'Technical Analysis' started by ActionForex.com, Apr 30, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    There are 5 waves down from the October high at 2.4205. This probably comprises wave 3 of a 5 wave decline from 2.4963. Under this count, a 4th wave is working towards Fibo resistance / congestion area at 2.1249/2.1813. Expectations are the GBPCHF to work higher and reverse in this...

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