Currency Analyst since 2010

GBP/USD: wave analysis

Weekly. The pair keeps forming the ascending impulse wave [c] of B. Consider the structure of the impulse at D1.

Daily. At the moment the pair is forming the final impulse (V).

H4. More precisely, the pair’s forming the wave 5 of (V). It means that the whole trend is near an end. This week, we expect correction [4]. Then the pair will resume growth within the small impulse [5]. The approximate trajectory is shown at the picture.

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