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Growth within the wave iii

28 January 2016, GBP/USD

The considered pair is apparently forming a shallow corrective wave ii of the incipient upward impulse.

Probably, the British currency has decided to wait for the euro to begin to rise against the US dollar along with it.

Anyway, the situation still looks bullish, so in the future we expect development of a notable impulse growth caused by formation of the wave iii

Growth within the wave iii

Vasiliy Lukin
FreshForex Analyst
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