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Monday, July 7, 2025

GBP/USD Analysis on July 7, 2025

GBP/USD Analysis on July 7, 2025

Back Wave analysis
GBP/USD Analysis on July 7, 2025
Back Wave analysis

GBP/USD Analysis on July 7, 2025

The wave pattern for GBP/USD continues

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07.07.2025 08:08 PM

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The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse wave pattern. The wave picture is nearly identical to that of EUR/USD because the sole factor driving both is the U.S. dollar. Demand for the dollar is weakening across the market, so many instruments show similar behavior. Wave 2 of the upward trend segment has taken the form of a single wave. Within the assumed wave 3, waves 1, 2, 3, 4, and presumably 5 have

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