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GBP/USD: wave analysis on 01.06.2015

Presumably, a bearish correction within a zigzag-shaped wave B is nearing completion. A reversal and the first counter-trend wave of junior level are forming locally. If this assumption is correct and the price does not drop below a level of 1.5232, it's logical to expect the pair to rise to the levels 1.5700–1.5800, or else the decline will continue down to the levels 1.5190–1.5040.

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