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The turning point for British currency

23 June 2016, GBP/USD

I assume that the upward movement is formed in the wave 5 and is not over yet. So we expect further strengthening of the British currency. Then we expect a corrective decline to start, but the referendum may exert a strong influence on the wave frame.

That is why now it is better to refrain from any actions and watch the price fluctuations from the outside.

Vasiliy Lukin
Analyst of «FreshForex» company
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