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A short-term downrward correction

16 July 2015, GBP/USD

A short-term downrward correction

Here the wave 1 of [iii] has completed its formation.

In the nearest time we shall expect decline associated with development of the wave2.

This correctional decline opens fine chances to buy.

I think that point 1.5500 will perform as the reversal level.

Based on this very point, we shall try to enter Long.

A short-term downrward correction.

Vasiliy Lukin
FreshForex Analyst
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