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Back Fundamental analysis
British Pound. Weekly Preview
The British pound started the new
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The British pound started the new week with a significant decline, confirming the market's desire to continue building a downward wave set that began on May 11. The wave patterns for the euro and the pound differ slightly, but in both cases, they suggest a decline. Therefore, the initial probability of a GBP/USD decline was higher.I also mentioned earlier that single corrective waves do occur, but they are usually rare. Therefore, it is unlikely that the pound's decline ended on
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Chin Zhao,
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