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Free Forex Trading Room

Submitted by • June 5, 2013

Majors such as the British Pound and Euro ended the week positively having broke out to higher levels closing the last NY session at the top of bullish sentiment. On the higher time frames of the daily and weekly charts there are signs of break outs or bullish continuation which may suggest that we are looking at a correction higher anywhere up to 100 - 150 pips before we start considering tops, reversals and continuation of major bearish trends. Whether it completes this in one hit or over a series of fractals is yet to seen. However this is not the same case for the AUD which tells a different story.

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Voted by admin45Voted by aileen

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