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FX.co ★ The GBP/USD wave analysis for January 13, 2011

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Forex Analysis:::2011-01-13T10:32:25

The GBP/USD wave analysis for January 13, 2011

The GBP/USD wave analysis for January 13, 2011

During yesterday’s trading the GBP/USD pair climbed more than 1.5 figures within developing estimated с wave of the whole corrective structure having formed since December 28. It is worth mentioning that yesterday’s dynamic growth has probably cancelled the scenario implying the formation of a horizontal triangle. If so, possible targets for the current с wave might be located near 1.5810 and 1.5920.

Analyst InstaForex
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