Monday, August 24, 2009

Cable GBPUSD March 17, 2009

If it falls below 1.3900 then a top is in place at 4227 and we are forming a wave 2 of bigger degree. If it stays above 1.3900 then we are in a wave 4 and should see a higher top this week. 1.3945 is the target for wave c, if indeed a wave c (1.618 ext. of wave a).

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