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Waiting for the fall in the 49th figure

Waiting for the fall in the 49th figure | 12 November 2015

12 November 2015, GBP/USD

Daily chart: the upward swings achieved a strong pivot in the area of ​​1.5245 and now we can expect development of a new swing down to a breakthrough of the last bottom 1.5026 and leaving to the 49th figure.

Waiting for the fall in the 49th figure

H1: local upward structure. We see full correlation with the Eurodollar. In this case, it's very good. We are also waiting for a downward reversal of the pair from the current levels, or after hitting a new High.

Waiting for the fall in the 49th figure

Expectations:

1) Drop under 1.5026 from current levels and move in the 49th figure and lower.

2) Pre-prick of the area 1.5250 and decline from there.

solutions: Sales to the 49th figure (and even lower - in the medium-term).

Aleksey Panasenko
FreshForex Analyst
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