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05 July 2016, GBP/USD

The pair started to slide down and has closely approached low going to update it. Correction under the wave [ii] has been completed and the price is ready to go down to the borders of the wave [ iii] of the downward momentum.

Anticipating this impulse wave, I'be opened a Sell transaction with the Stop Loss set to the local High. Now I'm patiently waiting for further developments.


Vasiliy Lukin
FreshForex Analyst
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