GBP/USD Analysis on July 8, 2025
GBP/USD Analysis on July 8, 2025
The wave pattern for GBP/USD continues
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The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse structure. The wave pattern is nearly identical to that of EUR/USD, as the U.S. dollar remains the primary driver. Demand for the dollar is declining across the market, 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, 2, 3, 4, and presumably 5 have been formed. Therefore, this
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