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A continued correction

17 June 2016, GBP/USD

Perhaps the price has completed to form the wave 1 of iii downward momentum. At the same time, probably, it is developing the correctional wave 2 of iii.

So far, the correction looks unfinished, so in the near future we can expect a continued flat. However, no matter how the situation can develop, trading with the pound before the referendum is not necessary, as everything can happen.

A continued correction

Vasiliy Lukin
FreshForex Analyst
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