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The wave v of the falling impulse is expected to develop

25 February 2016, GBP/USD

The considered pair is still forming the wave [v] of the downward momentum.

The chart clearly shows the internal structure of this wave, which itself takes the impulse form.

Perhaps now the wave iii of [v] is finishing its development.

In the near future we expect a small corrective rebound, whereupon decline will still have potential for development

The wave v of the falling impulse is expected to develop

Vasiliy Lukin
FreshForex Analyst
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