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Back Wave analysis
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Back Wave analysis
GBP/USD Analysis on April 22, 2025
The wave pattern on the GBP/USD
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The wave pattern on the GBP/USD chart has also transformed into a bullish, impulsive structure — all "thanks" to Donald Trump. The wave pattern is nearly identical to that of the EUR/USD pair. Up until February 28, we observed the formation of a solid corrective structure that raised no concerns. However, demand for the U.S. dollar then began to fall rapidly. As a result, a five-wave upward structure formed. Wave 2 turned into a single-wave form and is now complete.
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