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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, Ethereum, and Litecoin on February 23rd
GBP/USDAnalysis:On the British pound chart, the
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GBP/USDAnalysis:On the British pound chart, the short-term trend since the end of January this year has been driven by a downward wave with reversal potential. Its middle segment (B) is currently developing and remains unfinished at the time of analysis. The price is approaching the upper boundary of a strong potential reversal zone.Forecast:At the beginning of the coming week, continued bearish sentiment is expected, with price declining toward the support zone. A sideways flat reversal may then form. A change
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Isabel Clark,
Analytical expert of InstaForex
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Vyacheslav Ognev
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