GBP/USD: weekly wave analysis
Weekly. The market is forming a multi-month bearish trend C (part of a global bearish zigzag).
Daily. Markup of the wave C is drawn on the chart. After a bullish zigzag (3) we expect a decline in a new impulse (5).
H4. See the wave (4) in the details. The decline will continue at the beginning of the new week. We recommend going short at the end of a short-term bullish correction.