GBP/USD: wave analysis (Nov. 10-16)
By Roman Petuchov
Weekly. The market continues developping a descending trend that could become a final part of the global bearish zigzag A-B-C.
Daily. Waves  and  have already been constructed. Wave  took a form of a double tripple. Next week we expect the pair to decline in a new descending trend .
H4. On the chart one could see a markup of the last part of the trend. This week the market will be forming waves 3-4-5 of (1). Beware of a correction, though.