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A flat correction

12 July 2016, GBP/USD

The price has stood still waiting for the news, so today we can hardly expect a strong movement. Obviously, correction in the form of the flat will continue. Nevertheless, the overall picture still looks bearish, so in the future we expected to a downward exit of the pair in the impulse form caused by development of the wave [iii].

Vasiliy Lukin
Analyst of «FreshForex» company
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