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Back Wave analysis
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Back Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, EUR/GBP, Bitcoin, and Ethereum – October 5
GBP/USDBrief Analysis:On the chart of the
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GBP/USDBrief Analysis:On the chart of the GBP/USD major pair, the dominant trend throughout the current year has been moving the pair's price predominantly sideways. The final part (B) has been forming within the wave over the past three months. The lines drawn through the price extremes on the chart form a "flag" along the upper boundary of a strong potential reversal zone.Forecast for the Week:At the beginning of the coming week, the price of the British currency is likely to
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Isabel Clark,
Analytical expert of InstaForex
© 2007-2026
GBPUSD
Great Britain Pound vs US Dollar
Summary
Neutral
Urgency
1 week
Analytic
Vyacheslav Ognev
Start trade
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