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British Pound In Small Wave 4 Consolidation British Pound In Small Wave 4 Consolidation
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Old 09-24-2007, 09:40 AM
DailyFx's Avatar
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Default British Pound In Small Wave 4 Consolidation
Commentary: The bullish count continues to track well and is favored as long as price is above 1.9951. "The decline from 2.0366 is a 3 wave decline and the rally from 1.9879 can be labeled an impulse so that places Cable in a 3rd wave rally now."


A bullish objective is at the 161.8% ext. of 1.9879-2.0172/1.9951 at 2.0425. Strategy: Remain bullish, against 1.9951, target 1 at 2.0425
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