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Back Wave analysis
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Back Wave analysis
GBP/USD Analysis on August 20, 2025
For GBP/USD, the wave structure still
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For GBP/USD, the wave structure still indicates the development of an upward impulse sequence. The wave pattern is almost identical to EUR/USD, since the only "driver of the show" remains the dollar. Demand for it is declining across the market (in the medium term), which is why many instruments are showing almost the same dynamics. At this stage, wave 4 appears to be complete. If that is the case, the instrument's rise will continue within impulse wave 5. Wave 4
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
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Urgency
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