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GBP/USD: wave analysis on 20.08.2015

The pair still may grow.

Assumingly, a large correction in the form of a triangle within wave B has formed, and wave C started developing. Locally, the first wave i of C seems to be forming, within which, supposedly, the third wave of the junior level (iii) is developing. If the assumption is correct and the price does not break through the critical level of 1.5555, the pair continues growing to 1.5800-1.5900.

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