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July 21, 2017 | GBP/USD 4-Hour View: Standard A-B-C Correction Lower?

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

If this pattern is a standard A-B-C correction lower; the target is 1.2826 calculated by Wave C being the same length of Wave A.  Also, this brings into another common level–prior Wave 4 of the impulse higher at 1.2808.  Support for our GBP/JPY short it may be…

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July 21st, 2017

Posted In: Black Swan Currency Currents

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