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5th wave is expected to evolve

29 June 2015, GBP/USD

5th wave is expected to evolve: are we to buy?

The situation look like being controlled by bulls as well.

We assume that a correctional wave 4 has completed its development.

Thus, If our assumption is correct, in the nearest time we expect impulse growth which will form the wave 5. Therefore, one could not have come at a better time to buy this pair.

5th wave is expected to evolve.

Vasiliy Lukin
Analyst of «FreshForex» company
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