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    GBP/USD: wave analysis on 09.03.2015

    Correction continues

    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 a bearish impetus is developing, is nearing completion. If the presumption is correct, once the impetus is completed, the pair will logically resume rising to the levels 1.5550-1.5800. A level 1.4946 is critical in this scenario.

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