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We expect correction

17 July 2015, GBP/USD

We expect correction

As we expected, an ascending movement has stopped.

The reason is that impulse has occurred at a smaller level which boosted correction.

So, if our assumption is correct in the nearest time we shall probably expect a correctional decline of the pair associated with formation of the wave 2 of [iii].

We expect correction

We expect correction
Vasiliy Lukin
FreshForex Analyst
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