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2017-06-05 14:10 GBP/USD
GBP/USD: wave analysis
The pair is being corrected. The probability of decline remains.
Presumably, the formation of an upward impulse within the c of 4 wave of the higher level was completed, and the development of the fifth wave 5 began. At the moment, a lower-level input impulse (i) is formed, and an upward correction (ii) is formed in the form of a zigzag. If the assumption is true, after completion of the correction, the pair will continue to decline to the levels of 1.2683-1.2573. The level of 1.3038 is critical for this scenario.