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A correctional flat

02 June 2016, GBP/USD

Yesterday the pair continued to decline due to an ongoing development of the wave 3, which has been formed elongated. Thus, this wave looks complete and in near future we expected correction.

If this assumption is true, in the near future we can expect roughly the same swings as shown on the chart below. It is clear that in this situation it is better to give up any action.

A correctional flat

Vasiliy Lukin
FreshForex Analyst
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