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GBPUSD--Monday, March 16, 2009

One quick hourly chart, showing an impulsive pattern from a base formed on Thursday. Notice how the 1.618 level was resistance on Friday and support today. If pattern holds, next target would be 1.4280.

090316-1325-gbp1hr.gif

Posted by Pure Guesswork on March 16, 2009 1:31 PM |

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