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    GBP/USD: Fibonacci analysis on 08.10.2015

    A downward correction is possible.

    On the 4-hour chart, the price rose above the level of 1.5325 (38.2% Fibonacci correction) and above the 50% arc. The next Bullish target can be the level of 1.5385 (50% correction), its breakout would allow the pair to grow to 1.5450 (61.8% correction) and possibly 1.5500. 

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