GBP/USD Analysis on August 19, 2025
GBP/USD Analysis on August 19, 2025
For GBP/USD, the wave structure continues
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For GBP/USD, the wave structure continues to indicate the formation of an upward impulsive wave pattern. The wave picture is almost identical to EUR/USD since the only "main driver" here remains the dollar. Demand for it is declining across the entire market (in the medium term), which is why many instruments are showing nearly identical dynamics. At the moment, wave 4 is presumably complete. If that is the case, the instrument's growth will continue within impulse wave 5. Wave 4
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