We expect correction | 17 July 2015
17 July 2015, GBP/USD
We expect correction
As we expected, an ascending movement has stopped.
The reason is that impulse has occurred at a smaller level which boosted correction.
So, if our assumption is correct in the nearest time we shall probably expect a correctional decline of the pair associated with formation of the wave 2 of [iii].
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
