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    GBP/USD: wave analysis on 10.11.2015

    A correction continues.

    The British pound continued declining within the alternative scenario. At present, a large Bearish correction seems to be forming within wave B of 2. Locally, it can be assumed that a development of wave c of B is nearing the end, and within this wave a Bearish impetus as the fifth last wave (v) of c of B is finishing. If the assumption is correct, the pair turns up and starts growing in wave C of 2 after the last fall.

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