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#515 (permalink)

09-12-2007, 10:18 AM

italm31

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Join Date: Jul 2007

Posts: 1,592

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Quote:

Originally Posted by italm31

GBP/USD 15 min chart, one more low would signify a 5 wave decline. 2.0285 has support has not been broken yet but prices are hanging out near he lows. (typical of wave 4s). Be interesting to see at 12 if the pair closes below the lower trend line of the diagonal.

Guys something very weird is going on. The eur/jpy is making new highs while the GBP/JPY is making new lows. Often, thats a common trait of a top.

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