Currency Analyst since 2010

GBP/USD: weekly wave analysis

Authored by Roman Petuchov

Weekly. The market is now forming a rising corrective wave B. It is now important to forecast where the rising impulse [c] will end. Let's see the market in details.

Chart. Weekly GBP/USD

Daily. Markup of the [c] impulse is presented on the chart. We are now in process of building the wave (v).

Chart. Daily GBP/USD

H4. See the details of the wave (V) on the Н4 chart. Rising impulse 3 is over, after that we have seen a correction 4. The market is now rising in a wave 5, growth is expected to continue on the next week. The previous high is expected to be renewed. 

Chart. H4 GBP/USD

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