14 September 2015, GBP/USD
GBP/USD is currently trading with a slight bearish Bias. The has continually made lower highs, we anticipated a breakout above for wave (c) unfortunately the market contained it the wave and therefore it ended up rallying downwards. It is expected that, as long as the pair remains between the upper resistance trend line and the immediate support trend line, short positions are ideal. The current corrective move should move upwards but only up to the resistance trend line before making another lower higher.
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