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Development of a correctional decline is possible

19 June 2015, GBP/USD

Pound was able to accelerate so that High was updated. However, it lacks potential to grow further.

We suppose that this ascending movement contributed to development of the wave 3 of iii.

So, in the nearest times we expect that the pair will soon start its correctional decline.

Based on this expectation, we opened Sell position to take around 100 points.

Development of a correctional decline is possible.

Vasiliy Lukin
FreshForex Analyst
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