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    GBP/USD: wave analysis on 15.10.2015

    An uptrend is strong.

    The first starting wave (i) continues forming within an expected upward impetus in wave C of 2 of the senior level. Locally, a formation of an impetus of the junior level as wave iii of (i) seems to be nearing the end; and if the assumption is correct, after correction iv of (i), the pair continues growing to 1.5650-1.5700. A critical for this scenario is the level of 1.5200.


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