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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, AUD/JPY, and EUR/CHF on January 13th
GBP/USDAnalysis:On the chart of the main
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GBP/USDAnalysis:On the chart of the main British pound pair, the short-term trend has been driven by an upward wave algorithm since the beginning of last year. Within its structure, a corrective move is currently developing as part of the final wave (C). Prices are approaching the lower boundary of the potential reversal zone.Forecast:In the first half of the week, the bullish price movement of the pound is expected to continue until resistance levels are tested. A sideways trading phase along
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Isabel Clark,
Analytical expert of InstaForex
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Vyacheslav Ognev
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