GBP/USD Analysis on June 16, 2025
GBP/USD Analysis on June 16, 2025
The wave pattern for GBP/USD continues
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The wave pattern for GBP/USD continues to indicate the development of an upward impulsive trend. The wave pattern is almost identical to that of EUR/USD, as the main driver of the movement is the US dollar. Demand for the dollar is falling across the entire market spectrum, which is why many instruments are showing similar dynamics. Wave 2 of the upward trend has taken a single-wave form. Within the assumed wave 3, waves 1 and 2 have already formed. Therefore,
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