GBP/USD Analysis on August 7, 2025
GBP/USD Analysis on August 7, 2025
The wave pattern for GBP/USD continues
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The wave pattern for GBP/USD continues to indicate the formation of an upward impulsive wave pattern. The wave picture is nearly identical to that of EUR/USD, since the only "main driver" remains the U.S. dollar. Medium-term demand for the dollar is falling across the market, so many instruments are showing almost identical dynamics. At present, a corrective wave set within wave 4 is unfolding. If this assumption is correct, the downward movement may already be complete, as the structure has
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