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GBP/USD: pound is going to decline in the third wave

H4. Wave [4] was ended in a form of a zigzag last week, so we’ve got a downward impulse in wave (1). Currently the pair is moving up in wave (2), which is likely going to end soon. Therefore, there’s an opportunity to see the beginning of wave (3) in the short term. 

M15. Wave 5 of (1) was finished on Monday, which led to form an impulse in wave A. So, bulls are likely going to deliver wave C of (2) shortly. However, expectations of the beginning of wave (3) requires a confirmation, which could be a clear downward impulse in wave 1. 

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