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Pound is doomed

08 July 2016, GBP/USD

Probably, at the moment the wave [iii] of the descending impulse is being formed, which is far from being completed. In short, there is a very good potential for a deeper drop, so we should not of purchases. To open mire trades, we should wait for the update of a local Low by the price either enter into a position via a pending Sell Stop order.

Vasiliy Lukin
FreshForex Analyst
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