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GBP/USD: Elliott waves (Mar. 3)

Weekly. GBP/USD keeps forming the wave B, which is a global wave plane. At the moment, we are seeing the development of an impulse wave [c], which is the final wave in the plane B.

Chart. Weekly GBP/USD

Daily. The most urgent task for the near future is to determine the point of completion of the impulse (III).

Chart. Daily GBP/USD

H4. Wave (4) took the form of a double three w - x - y. At the last section has already begun construction of the impulse (5). In the near future the pair will likely continue growth within the specified wave and renew the local highs.

Chart. H4 GBP/USD

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