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.