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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
FreshForex Analyst
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