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GBP/USD: wave analysis on 21.05.2015

Presumably, the “bullish” impetus has completed in the wave A. At the moment the “bearish” correction has began in the wave B. Locally, it seems that the first wave of correction a of B is being formed. If this assumption is correct, the pair can decline to the levels of 1.5300–1.52. Critical level for this scenario is 1.5816.


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