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Trader, analyst and instructor with a 6-year experience

GBP/USD: Elliott waves (Mar. 31)

By Roman Petuchov

Weekly. The pair keeps forming the final wave [c], which is a part of the wave plane B.

Chart. Weekly GBP/USD

Daily. The chart shows the detailed layout of the impulse [c]. Last week the pair completed the correctional wave (IV) of [c].

Chart. Daily GBP/USD

H4. Wave (IV) took the form of a simple Zigzag. In the near future the pair is expected to continue growing in the rising pulse (V), as indicated at the picture. We can expect a fairly steady growth the this week.

Chart. H4 GBP/USD

GBP
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