Currency pair pound dollar GBP USD continues to test the upper limit of the resistance of the descending pattern Wolfe waves. The target of the pound dollar fall is the area on the level below 1.44.
GBP/USD Forecast May 27, 2016
Cancellation of the mining model bearish Wolfe wave will increase in quotes GBP/USD above the 1.4740 level. Once again, we are trying to sell the pound dollar short stop. GBP/USD Forecast May 27, 2016 suggests a drop in the rebound from the resistance line of the descending wave Wolfe with a view to below 1.44.
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