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Back Wave analysis
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Back Wave analysis
GBP/USD Analysis on August 29, 2025
For GBP/USD, the wave pattern continues
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For GBP/USD, the wave pattern continues to indicate the construction of an upward impulse structure. The wave picture is almost identical to that of EUR/USD, since the only "culprit" remains the dollar. Demand for it is falling across the market (in the medium term), so many instruments are showing nearly the same dynamics. At present, wave 4 is presumably complete. If this is indeed the case, the instrument's upward move will continue within impulse wave 5. Wave 4 may take
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
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