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A strong movement is anticipated

02 August 2016, GBP/USD

The price has almost stopped moving up and down, indicating that an abrupt movement is coming soon. Correction did not complete horizontal triangle, which lacks the final wave e. That is why in the near future we still expect a correctional surge to the top of the triangle, from where the price will choose an extended decline.

However, in the event of a sharp downward movement, we may try to start to sell by a market order.

Vasiliy Lukin
FreshForex Analyst
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