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    GBP/USD: wave analysis on 12.05.2015

    Presumably, the formation of the “bullish” impetus is nearing completion in the first wave A of the large upward correction. At the moment, it seems that the development of the fifth wave (v) of v of A. of the junior level is nearing completion. If this assumption is correct, it is likely that the pair will go down to 1.5400 – 1.5300.

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