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Wave 4 continues its formation

03 June 2016, GBP/USD

Yesterday the price corrected - we assume in the form of the wave 4, viewed as the downward momentum. At the moment, this wave 4 looks unfinished, because it lacks another small upward wave, so in the near future growth is expected within the frames of mentioned correction. Then, obviously, the decline will continue in the form of the downward impulse.

Vasiliy Lukin
Analyst of «FreshForex» company
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