GBP/USD: weekly wave analysis
Authored by Roman Petuchov
Weekly. The market is now developping a strong descending impulse C.
Daily. Waves  and  are already finished. Strong trend  is now under construction. This week we expect the decline to be continued.
H4. We concede a short-term bullish correction at the beginning of the week(2), after that the decline will be extended. The fall may be sharp and rapid.