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    GBP/USD: wave analysis on 07.08.2015

    Correction continues. A fall in the pair is possible.

    Due to the extension of the flat, a growth scenario is temporarily cancelled. Most likely, the pair is in the wave X now and is forming wave C of X. locally, two starting waves seemed to have formed. If the assumption is correct, the pair continues falling towards 1.5400, 1.5200. A critical for this scenario is the level of 1.5640.

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