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A start of a protracted decline?

27 June 2016, GBP/USD

From the point of view of the weekly timeframe, the wave C of zigzag in the impulse form is being formed now. The wave iii is at the very beginning of its development, so, in the future we can expect a protracted decline within the frames of the considered scenario. Sales are the most appropriate solution in terms of the opening of trading positions.

Vasiliy Lukin
FreshForex Analyst
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