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Tuesday, June 3, 2025

GBP/USD Analysis on June 3, 2025

June 03, 2025 0 comments

GBP/USD Analysis on June 3, 2025

Back Wave analysis
GBP/USD Analysis on June 3, 2025
Back Wave analysis

GBP/USD Analysis on June 3, 2025

The wave structure for GBP/USD continues

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03.06.2025 07:32 PM

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The wave structure for GBP/USD continues to indicate the development of an upward impulsive wave pattern. The wave pattern is almost identical to that of the EUR/USD pair. Until February 28, we observed the formation of a convincing corrective structure, which left little room for doubt. However, demand for the U.S. dollar then began to drop sharply, culminating in a trend reversal to the upside. Wave 2 of this trend took on a single-wave form. Inside the assumed wave 3,

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