Monday, August 24, 2009

GBP/USD update 03-01-2009 4h chart

Here is an update on the cable.
It looks like the 61.8% fibonacci support at 4067 is holding well sofar, however there is still potential on the downside possibly as far as 3800. The upside is there is C is a flat C which would complete wave B.
Once B is completed there is a potential for 1.6000.

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