GBP/USD: weekly wave analysis
Weekly. The market is now forming a strong multi-month trend C. It will be extended in the coming 6 months.
Daily. Horizontal correction (4) is now being formed. After that the decline will continue in a bearish trend (5).
H4. The first bulsih zigzag w of (4) was formed. On the new week prices will decline in the corrective wave of the x bunch. Bearish movement is expected.