Wave Analysis GBPUSD | 27.07.2015

Pound is still being corrected inside wave ii of (i) of [iii], which is, like in case of Eurodollar, taking the form of double zigzag. After completing this pattern, the market is expected to continue moving downwards.

In the nearest future, we can expect a local growth inside wave ii of (i) of [iii], which may be followed a further decline inside wave iii of (i) of [iii].

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