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Back Wave analysis
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Back Wave analysis
Analysis of GBP/USD on September 17, 2025
The wave structure for GBP/USD continues
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The wave structure for GBP/USD continues to indicate the formation of an upward impulsive wave sequence. The wave pattern is almost identical to EUR/USD, as the only "driver" remains the U.S. dollar. Demand for the dollar is declining across the market (in the medium term), so many instruments are showing nearly identical dynamics. At the moment, the formation of the assumed wave 5 continues, within which waves 1 and 2 have already been formed. The current wave structure raises no
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
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