$GBPCHF (11.6.2013)

Wave (( b )) is in place at 1.4510. Wave ( a ) appears to be a 5 wave move. Expect a corrective pullback toward 1.4581 – 1.4602 from where the pair should turn higher toward 1.4770 to complete a 7 swing structure up from 1.4371 low.  Hourly cycles are positive so we don’t like selling the pair in proposed wave ( b ) pullback.

GBPCHF A0-FX, 90

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