GBP/USD possible short term correction
June 22, 2017
1 min read
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The pair had completed the 5 bearish green waves to constitute the wave (i) Orange. Also we saw price completing wave A (Green) at 50% Fib level (Declining from wave 2 purple). At the moment price is in phase of wave c (red) and wave B (Green).
As far as wave c (Red) and wave B(Green) are concerned, we expect their completion around any fib level mentioned in the chart below, ahead of which may see a formation of wave C (Green) and Orange (ii).
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