Trader, analyst and instructor with a 6-year experience

GBP/USD: weekly wave analysis

Weekly. The pair’s forming global descending A-B-C Zigzag, within which it’s building a multi-month bearish trend С.

Daily. In line with the forecasts after the pair finished correction [2], we saw the decline of the price.

H4. The pair’s starting of the new downtrend wave [3]. This week we expect a small correction 2. After that the pair will resume decline.

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