Trader, analyst and instructor with a 6-year experience

GBP/USD: weekly wave analysis

Roman Petuchov

Weekly. The market keeps on forming a multi-month bearish trend C. In the coming months the decline in this wave will be extended. 

Daily. These days impulse (3) is being constructed - it will last for a few more weeks. 

H4. Last week the horizontal correction 4 was built (wave flat). A new southern trend is being born. After a short-term correction [ii] the decline will continue. 

Scroll to top