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FX.co ★ Wave analysis of GBP/USD currency pair for July 08, 2010

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Forex Analysis:::2010-07-08T12:00:00

Wave analysis of GBP/USD currency pair for July 08, 2010

Wave analysis of GBP/USD currency pair for July 08, 2010

Despite that tonight GBP_USD pair made a new trial to overbear the resistance level at 1,5230, it is early to talk about the growth renewal of the pound's price. At the same time, В то же время, the current situation makes bringing some corrections in the internal wave picture of the supposed C wave. That is why you can assume that the local maximum of July 02 is the 3-d wave top and after the current correction phase end you can wait for another trial of breaking through the resistance mentioned above at 1.5230, within the forming 5-th wave in the supposed C.

Analyst InstaForex
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