GBP / USD: weekly wave analysis

 Roman Petukhov

Weekly. The market continues to generate a strong downward momentum C, which is a part of the global zigzag ABC.

Daily. After the completion of the correctional wave [2]  construction the decreasing of the currency pair was proceeded within the new downtrend. one can consider the graph more detailed to refine judgment.

H4. There are chances that the downward movement accelerates. If the assumption is true,  we will see a good reduction in the wave 3 of (3) the next week. However, if the market starts to fall in the first half of the week, then one should be wary, because this will mean that more complex wave is forming than it was originally anticipated.

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