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    GBP/USD: wave analysis on 15.02.2016

    A decline is still possible.

    Assumingly, a Bearish impulse within the third wave of the senior level continues developing. At present, the fourth wave iv of 3 seems to have finished forming, and the fifth wave has started developing within which the first and the second waves have formed. Is the assumption is correct, the pair continues falling to 1.3950. A critical for this scenario is the level of 1.4670.


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