GBP/USD Analysis on August 18, 2025
GBP/USD Analysis on August 18, 2025
The wave structure of GBP/USD continues
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The wave structure of GBP/USD continues to indicate the development of a bullish impulsive wave pattern. The wave picture is almost identical to EUR/USD, as the only real "culprit" remains the dollar. Demand for the dollar is falling across the entire market spectrum (in the medium term), which is why many instruments show nearly identical dynamics. At this point, wave 4 is presumably complete. If this is indeed the case, then the upward movement will continue within impulsive wave 5.
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