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Correction continues

09 March 2016, GBP/USD

As we expected the price began to decline, thus, obviously, forming of the correctional wave ii.

Currently, the correctional decline is at an early stage of its development, so in the future we obviously expect continuation of the flat movement.

Trading in this case is not recommended, it is better to wait for the opportunity to open a Buy trade and ride the wave iii of the rising impulse of movement

Vasiliy Lukin
Analyst of «FreshForex» company
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