GBP/USD: weekly wave analysis
Daily. The market keeps trading within the global Zigzag [A]-[B]-[C]. When the wave [B] was finished, we saw the beginning of an impulse [C]. Let’s view its layout in greater detail.
H4. Wave (2) took form of an unusual Zigzag with a small wave C. After this there was downward impulse 1. At the new week we expect GBP/USD to form a small upward correction 2, after which the decline will resume.