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    GBP/USD: Wave analysis on 09.02.2015

    Presumably, the fifth wave (v) of V of 1 within the bearish trend has finished developing. The first wave of the expected bullish correction is forming locally. The third wave of junior level (iii) of a has finished within it, and correction in a form of wave (iv) is forming. If this assumption is correct and the price does not break the critical level 1.4985, the pair will continue to rise to the levels 1.5500-1.5600. 

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