Trader, analyst and instructor with a 6-year experience

GBP/USD: wave analysis

By Roman Petuchov

Weekly. The market is now building a corrective rising impulse [c] of B .

Chart. Weekly GBP/USD

Daily. Wave (IV) is complete, the market started to grow in a wave (V). Next week the pair is forecasted to strengthen.

Chart. Daily GBP/USD

H4. Stay cautious: the cable is sometimes forming the unexpected bearish corrections that may hit the stop orders.

Chart. H4 GBP/USD

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