Monday, September 10, 2007

GBP/USD: The weak Bear

As we can notice from the attached chart, i think we are at the end of wave (1), i expect 1.9915 as a target for wave (2) according to the golden factor "61.8", all indicators are now in the over-bought area which recommends more strength for bears, NFP was a negative factor this month but i do think it wouldn't the next month.

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