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Wednesday, July 23, 2025

GBP/USD Analysis on July 23, 2025

GBP/USD Analysis on July 23, 2025

Back Wave analysis
GBP/USD Analysis on July 23, 2025
Back Wave analysis

GBP/USD Analysis on July 23, 2025

The wave pattern for GBP/USD continues

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23.07.2025 08:25 PM

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The wave pattern for GBP/USD continues to indicate the formation of a bullish impulsive wave structure. The wave picture is nearly identical to that of EUR/USD, as the U.S. dollar remains the only factor driving the market. Demand for the greenback is declining across the board, leading many instruments to display similar dynamics. Wave 2 of the upward trend segment has taken the form of a single wave. The presumed wave 3 appears strong and complete, so I now expect

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