I think you are right. The only thing is with GBP rate anuncement with it no usually changing it will go up first to daily 50% fib @1.5606 or W_r1 @ 1.5628 then it will go south I think. iF IT GETS AS HIGH AS THE w_R2 then its going to head for the 1.57 mark and that where you would look for a reversal.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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