GBP/USD: Elliott waves (Jan. 13)
Weekly. The wave B represents a global plane. GBP/USD is currently forming a final impulse wave [c] of B.
Chart. Weekly GBP/USD
Daily. The pair completed the wave (III) of [C]. At the moment, we see the beginning of formation of the correctional wave (IV).
Chart. Daily GBP/USD
H4. The pair may be forming the first downward Zigzag, which is the beginning of wave (IV). When the wave b is complete, we’ll see the price decline in the wave C. Most likely, this move will last during the next week.
Chart. H4 GBP/USD
Roman Petuchov for FBS