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Wednesday, July 2, 2025

GBP/USD Analysis on July 2, 2025

GBP/USD Analysis on July 2, 2025

Back Wave analysis
GBP/USD Analysis on July 2, 2025
Back Wave analysis

GBP/USD Analysis on July 2, 2025

The wave pattern for GBP/USD continues

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02.07.2025 08:33 PM

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The wave pattern for GBP/USD continues to suggest the formation of an upward impulsive wave sequence. The wave pattern closely resembles that of EUR/USD, since the U.S. dollar remains the primary driver. Demand for the dollar is falling across the board, leading to similar dynamics in many instruments. Wave 2 of the upward trend segment took the form of a single wave. Within the assumed wave 3, waves 1, 2, 3, 4, and likely 5 have been completed. Therefore, this

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