Currency Analyst since 2010

GBP/USD: wave analysis (June 9)

Weekly. The impulse wave [c] of B is now being built. After completing this wave the market will enter a bearish phase. 

Daily. A corrective wave (IV) (part of a rising impulse [c]) is now being built.

H4. This week we expect to see a decline in a zigzag [y]. When it's over, we expect the pair to rise in a new trend. See the details on the chart. 

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