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FX.co ★ GBP/USD wave analysis for 3 June 2010

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Forex Analysis:::2010-06-03T12:00:00

GBP/USD wave analysis for 3 June 2010

GBP/USD wave analysis for 3 June 2010

Yesterday’s breakout of the estimated correctional level of 38.2% brought into challenge the variant of the completion of the correctional structure forming of the 4th wave. However, yesterday afternoon the situation stabilized and it still allows a possibility of quotations of the British currency decline again. Probable targets of such falling are placed below the level of 42nd figure and going on MACD divergence confirms this possibility.

Analyst InstaForex
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