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GBP/USD wave analysis. Week review.


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GBP_d.gif

 

After another testing of the 64 figure level the GBP/USD started to form the wave structure of the estimated 2nd wave in the future 3rd (or C). If so, the 2nd wave does not look complete at the moment, which allows a possibility of a decline to the 1.6175 level or lower. At the same time, general dollar situation extremely overbought indicators require being careful when keeping long positions.

 

 

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