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    GBP/USD: wave analysis on 18.02.2016

    A fall continues.

    Assumingly, a Bearish impulse in the third wave of the senior level continues developing. At present, the fourth wave iv of 3 seems to have formed and the fifth wave is developing, within which the third wave (iii) is forming. If the assumption is correct, the pair continues falling towards 1.3950. Critical for this scenario is the level of 1.4570.

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