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We are expecting developing of wave iv of [v]

03 March 2016, GBP/USD

Pound has strengthened its position.

But this growth is likely to turn into correction because of decrease impulse that probably hasn’t finished.

We assume that at the moment the price is developing iv wave of [v] and soon we can expect renewal of decrease within the drop impulse.

But surprises are possible so if you sell you should do it carefully.

We are expecting developing of wave iv of [v]

Vasiliy Lukin
Analyst of «FreshForex» company
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