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Back Wave analysis
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Back Wave analysis
GBP/USD Analysis on November 19, 2025
For GBP/USD, the wave pattern continues
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For GBP/USD, the wave pattern continues to indicate the formation of an upward trend segment (bottom chart), but in recent weeks it has taken on a complex and extended shape (top chart). The trend segment that began on July 1 can be considered wave 4—or any large corrective wave—since it has a corrective, not impulsive, internal wave structure. The same applies to its internal subwaves. Therefore, despite the prolonged decline of the pound, I believe the upward trend remains intact.The
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Chin Zhao,
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