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    GBP/USD: wave analysis on 09.07.2015

    The uptrend is still strong, the correction deepened.

    Supposedly, the development of the wave C of 2 within upward bull correction of the senior level continues. At present, the pair is in the correction within the wave ii of C, which is likely to be finishing and has a zigzag form (a) (b) (c). If the assumption is correct and the price does not break through the critical level of 1.5157, the pair resumes its growth within the third wave towards 1.6300.

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