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GBP/USD: Wave analysis on 06.03.2015

Supposedly, local bearish correction continues to be forming in a form of wave b that is shaped like an irregular flat surface. A wave (c), within which an impetus is developing, is nearing completion. If the assumption is correct, once the impetus and local correction have been completed, the pair may resume growth to the levels 1.5550-1.5800.  The correction is expected to finish at about 1.5150.


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