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Short positions again

20 May 2016, GBP/USD

Yesterday the price updated local Low, but then it had returned to the starting point, where it remains now. The wave frame is still bearish and I assume that the wave [ii] took the form of a double zigzag.

So , in the near future I expect another rapid decline caused by beginning formation of the wave [iii] of the downward impulse

Vasiliy Lukin
FreshForex Analyst
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