GBP/USD: weekly wave analysis

by Roman Petukhov

Daily. The upward correction X development completion was followed by a new downtrend development. By now, it has been clear that the downward wave is taking the form of a zigzag. Let us consider the markup of the zigzag wave [B].

H4. The pair keeps moving within the rising impulse (C). Next week, the upward impulse 3 construction will be finished, then a new downward correction 4 formation will begin, followed by the pair's further growth on 5. The approximate course of the future movement is indicated on the chart.

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