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GBP/USD: wave analysis on 06.05.2015

The formation of the “bullish” impetus in the first wave A of the large upward correction 2, continues. At the moment, it s assumed that the local correction as the fourth wave iv of A has completed. Locally, it is likely that the rise started within the fifth wave. If this assumption is correct and the price does not break down the critical level of 1.5084, we can expect the rise in the pair up to 1.5500 – 1.5600.


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