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Wednesday, September 30, 2009

Elliot Waves

Posted by Harmain at 2:55 PM

Former support held as resistance (1.6111). I wrote yesterday to “watch for resistance at the top of a potential channel as well (drawn a line across recent lows and extend a parallel from the 9/23 high in order to construct this line).” That line held and the GBPUSD remains on a path lower.

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