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GBP/USD: wave analysis on 13.03.2015

The pair has continued to decline. The critical level has been broken down and, apparently, a long-term bearish impetus carries on forming. Supposedly, the fifth final wave, within which the first wave (i) is nearing completion, is forming at the present time. If the assumption is correct, local correction in a form of wave (ii) is likely to develop to a level of 1.5200. 

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