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Back Wave analysis
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Back Wave analysis
GBP/USD Analysis on September 16, 2025
For GBP/USD, the wave count continues
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For GBP/USD, the wave count continues to indicate the formation of an upward impulse structure. The wave pattern is almost identical to that of EUR/USD, since the only "culprit" remains the dollar. Demand for the U.S. currency is falling across the market in the medium term, leading many instruments to show nearly the same dynamics. At present, the formation of the assumed wave 5 is ongoing, within which waves 1 and 2 have already formed. The current wave structure raises
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
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