Tuesday, July 13, 2010

Correction near over

WOW! The GBPUSD has been correcting for almost 2 months now. I believe it is just about over. I believe sterling will make a new high above 1.5240. Once the 5 wave structure is complete to a new high I expect the short to resume and take us to a new low below 1.42295. Once it gets there we will talk again. Could take several weeks.

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