GBP/USD: weekly wave analysis
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.