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Thursday, February 10, 2011

GBP/USD wave analysis for February 10, 2011


The GBP/USD pair has been trading in the range of a sloping correction structure and has formed a series of waves abc. At the same time, if the price of the currency pair manages to mark current triangular correction, the pound will have an opportunity to continue the uptrend and test again the before reached high near the 1.6275 level.

Performed by Alexander Dneprovskiy, Analytical expert
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