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GBP/USD: wave analysis (May 12)

Roman Petuchov for FBS

Weekly. The pair keeps on forming the final rising wave [c] of B.

Daily. Correction IV is now under construction. Next week we expect a decline in an impulse С.


H4. There are signals of a reversal. In the coming days the decline will continue, a short-term bullish correction is possible.

GBP
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