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Back Wave analysis
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Back Wave analysis
GBP/USD Analysis on August 4, 2025
The wave pattern for the GBP/USD
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The wave pattern for the GBP/USD pair continues to indicate the formation of an upward impulsive wave structure. The wave picture closely resembles that of EUR/USD, as the sole "driver" behind recent movements remains the U.S. dollar. Demand for the dollar is declining across the broader market (in the medium term), which is why many instruments are showing nearly identical dynamics. Currently, a corrective wave sequence is forming within wave 4. If this assumption is correct, then the decline may
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
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Urgency
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