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GBP/USD: wave analysis (Mar. 17)

Roman Petuchov for FX BAZOOKA

Weekly. Cable is growing in a final bullish impulse [c] of B. It is the last wave of the B range.

Daily. Wave (III) of [c] has been built. Market started to form a corrective wave (IV).

H4. The first zigzag - beginning of the (IV) correction - is being built now. In the near term we'll see growth in a small corrective wave b. Afterwards the market will reverse to the downside and decline in a С wave.

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