GBP/USD: weekly wave analysis
By Roman Petuchov
Weekly. GBP/USD has finished completing a global correctional wave B, the construction of which lasted for 4 years. In the coming months we expect to see a decline within a new downtrend.
Daily. The layout of the final upward impulse [c] of B is shown at the picture. At the last section we see the beginning of a new downtrend. Consider the structure of the bearish area in detail.
H4. It seems that the market is only accelerating. Given how small the correctional wave  turned out to be, we can conclude that bears have large force. This week we expect to see continuing decline in the powerful downward impulse .