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Thursday, 16 August 2012

GBP/JPY H4 Update and Gann Fan

Wave C has finished in the middle of nowhere except for the Gann Fan line that is acting as a resistance now.

My guess is that this wave up might be not finished just now and the price could go little much higher to expand wave 5 in classic five wave pattern and hit the last Gann Fan line  and 61% Fibonacci Expansion  area before reversal.

Seb




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