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    GBP/USD: Wave analysis on 23.03.2015

    Presumably, the fifth final wave within a long-term bearish impetus has already formed. Apparently, a counter-trend impetus and a correction in a form of wave (ii) have formed by now. The third wave targeted at 1.5550 has started developing locally. If this assumption is correct and the price does not break the critical level 1.4680, it's logical to expect the pair to continue rising to the level 1.5550. 


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