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British Pound Beginning Large Recovery

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11-25-08, 12:02 PM

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British Pound Beginning Large Recovery

Although the EURUSD pattern is not as clear, the GBPUSD, AUDUSD, and NZDUSD patterns all suggest US dollar weakness over the next several weeks if not longer. Altering the structure slightly, the rally from 1.4554 is probably wave 4 of (3) (within a 5 wave decline from 2.1160). Significant resistance...

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