Currency Analyst since 2010

GBP/USD: weekly wave analysis

Weekly. GBP/USD is finishing the uptrend [c] of B. Consider the layout of this wave on the daily chart.


Daily. Layout of the impulse [c] is shown at the picture. Impulse looks complete with the waves of the junior level. Therefore, a new downtrend will start.

H4. The detailed layout of the last section is shown at the picture. Wave [5] formed a new high, which probably won’t be renewed for a very long time. This week we expect the decline to continue after a small correction.

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