A conflict occur on the daily GBPUSD chart. A clear defined 5 wave Elliott Wave have been completed followed by 3 Wave Counter-trend on the last bar at 19 October 2009. If this counter-trend is just a simple ABC correction, price should climbed up soon.If not, then cable may making a complex counter-trend to make retracement untill, 1.6133 - 1.5969 target point (purple ellipse).
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