The British pound dropped to 1.5770 last week before recovering and we are keeping our bearish count that wave (v) of C has possibly ended at 1.7044 and bearishness remains for further decline to 1.5690 (38.2% Fibonacci retracement of 1.3500-1.7044) and later to 1.5591 (1.236 projection of 1.7044 to 1.6113...

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Monday, October 5th, 2009 at 7:25 pm
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