Sterling's channel is well-established - Will it take us to 1.58?
Tuesday, April 30, 2013
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In the med-term picture , the rising red channel is established and looking strong , the blue shaded is rebroken upwards and should now be disregarded , the 5 years green support can be retested and may the red channel take us towards 1.5750/1.58 level - 38.2 fibo ( 1.4220 - 1.6749 ) support seen at 1.52/1.5250 level , check my chart below , good luck traders .
In the med-term picture , the rising red channel is established and looking strong , the blue shaded is rebroken upwards and should now be disregarded , the 5 years green support can be retested and may the red channel take us towards 1.5750/1.58 level - 38.2 fibo ( 1.4220 - 1.6749 ) support seen at 1.52/1.5250 level , check my chart below , good luck traders .
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