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Back Wave analysis
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Back Wave analysis
GBP/USD Analysis – May 14th: Continued Weakness in the British Pound
The wave pattern for GBP/USD continues
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The wave pattern for GBP/USD continues to indicate the formation of an upward trend segment (lower chart). In the short term, the market is still developing a structure that was initially interpreted as corrective but is now viewed as impulsive.The growth of both the euro and the British pound has been supported by the Middle East ceasefire, which has lasted for about a month (with occasional disruptions) and still has the potential to become the basis for a full peace
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Chin Zhao,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
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Alexander Dneprovskiy
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