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Wednesday, November 20, 2013

#GBPUSD update 201113 #FOREX #VIENTRADINGSYSTEM

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Technical Analysis of Financial Market, Foreign Exchange analysis, Profesional trader.
Written on Wednesday, November 20, 2013 at
The complicated pattern and the mixed between UK and US data has give us uncomfortably decision on latest entry.

Our target as you can see on picture is describe that from the bottom of latest trend of ranging that is the wave of A-B and the current target will nearly last month high

the key of the target is today low, as you can see on marked on blue rectangle the volume of first trend usually the same as today or current trend. The first volume of trend reached 160 point, so we assume if the first motive was begin on 1.6103  so the next target will be on 1.6248

 After reach the target we assume that GBPUSD will finding the last entry for bearish trend.



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