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A correctional growth

17 August 2016, GBP/USD

The pair had been slowly crawling to the Low and showed that it was about to collapse. But nothing of the sort, the price has decided to start growing. It is likely that this growth has a corrective nature and is the wave 2 of the downward momentum.

So, if this assumption is true, in the near future we expect a slight surge, whereupon the pair will draft missing waves of the impulse pattern.

A correctional growth

Vasiliy Lukin
FreshForex Analyst
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