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Reversal took place

Reversal took place | 22 January 2016

22 January 2016, GBP/USD

The considered pair did something we expected for so long: the price has reversed.

This has happened as usual, through a sharp surge in activity of sellers, followed by at least an active response of buyers immediately after playing a sharp decline.

So, we assume that development of the wave v of [c] is over.

Now, we obviously expect impulse growth of the pair.

Reversal took place

Vasiliy Lukin
FreshForex Analyst
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