Currency Analyst since 2010

GBP/USD: weekly wave analysis

Weekly. GBP/USD has formed the global wave plane B and started constructing a new bearish trend C.

Daily. The pair’s now forming downward impulse [1], the end of which the market will start to rise in the wave [2].

H4. This week the pair will continue forming the descending impulse (5). Market will generate a horizontal correction 4 and impulse 5 of (5). The approximate trajectory of the upcoming move indicated at the picture.



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