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16 Mar 2015
SEB: GBP/USD eyes 1.4228– eFXnews
FXStreet (Barcelona) - The eFXnews Team notes SEB views that the GBP/USD break of 1.4814 confirms that a continued move lower towards 1.4228 is possible.
Key Quotes
“The successful passing of the 1.4814 (2013 low point) was a very important step in the development of the bear trend originating from the end of wave C (1.7192).”
“The break not only confirm a continued move lower (on a medium – long term basis) to 1.4228 but also confirms that the 2009 low point, 1.3500 will be passed in due time.”
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