GBP/USD Rejected by Declining Trendline After ABC Correction

January 13, 2012 by stanh  
Filed under FX News

The GBP/USD has broke below 1.53 in the 1/12 session, but found support at 1.5278 (there is still one last pivot at 1.5270 to break below the bottom opens up). Since finding support, the market rallied in an ABC correction where C and A are almost the same lengths (C

Technical Analysis

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