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    GBP/USD: wave analysis on 02.11.2015

    An upward trend is strong.

    Wave C of 2 of the senior level continues forming. Locally, a starting wedge in a form of wave (i) and a correction (ii) seem to have formed. If the assumption is correct, the third wave (iii) towards the levels of 1.5700, 1.5800 began forming. A critical for this scenario is the level of 1.5240.

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