A rapid impulse decline may begin

15 July 2016, GBP/USD

The pair not only does not drop, but growing up slightly. So far, the movement seems to be corrective, so the wave frame is bearish by nature. So, yesterday's growth was boosted by completion of the wave ii of zigzag. Thus, the price has finished formation of the wave ii of [iii] of the downward momentum and is now we expected impulse decline of the pair to resume.

Vasiliy Lukin
FreshForex Analyst
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