Correction decline is expected

16 November 2015, GBP/USD

Pound obviously can also change its plans, or more exactly, will be forced to do it.

The most probable option is decline caused by development of correction.

It is likely that the correction can be very deep, however update of Low is not expected.

Thus, in the near future we expect corrective weakness of the pair, after which growth will obviously be resumed.

Correction decline is expected

Vasiliy Lukin
FreshForex Analyst
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