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GBP/USD: weekly wave analysis

Authored by Roman Petuchov

Weekly. The market is now developping a strong descending impulse C.

Daily. Waves [1] and [2] are already finished. Strong trend [3] is now under construction. This week we expect the decline to be continued. 

H4. We concede a short-term bullish correction at the beginning of the week(2), after that the decline will be extended. The fall may be sharp and rapid. 

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