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Bearish momentum

24 May 2016, GBP/USD

We assume that the wave 1 of the downward momentum has been finally shaped.Further correction was likely caused by development of the wave 2.

If this assumption is true, in the future we can expect a continued formation of the correctional wave 2, and then, drop of the pair will resume. We should look for opportunities to open additional Sell positions.

Vasiliy Lukin
Analyst of «FreshForex» company
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