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GBP/USD: Elliott waves

Weekly. We are seeing the end of theformation of the ascending impulse [c] of B. In the near future we expect GBP/USD to reverse and start a new downtrend. Consider the layout in more detailto clarify the judgment.

Daily. On the last section there is growth in the final upward impulse (V). To identify the point where the trend will reverse, consider the internal structure of this impulse’s waves.

H4. We are seeing growth in the final impulse 5 within which there was a very long horizontal correction with a downward bias. This week we expect the pair to jump in the ascending wave [5], after which the trend will reverse. The reversal will likely occur immediately after the pair reaches the previous high.

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