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The wave e of the horizontal triangle is expected

27 July 2016, GBP/USD

Current calmdown can anticipate the emerging strong movement. The scenario with formation of a horizontal triangle is still in effect. To complete this model, the pair needs growth that will form the final wave e of [b]. Therefore, in the near future we still expect an upward movement to the top of the triangle. My opened trade is still in operation and very soon we will know how it will be closed.

Vasiliy Lukin
FreshForex Analyst
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