06.10.201112:27 Forex Analysis & Reviews: GBP/USD wave analysis for October 6, 2011

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During yesterday’s trading the GBP/USD currency pair was trading in a narrow range with deviation amplitude 100 pips. At the same time the price is forming the inner wave structure of the upside correction developing in relation to the 3rd wave of the current downtrend section. If so, in the nearest time the pound might resume downside movement in the direction of levels located below the 53 figure mark.

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