GBP/USD: weekly wave analysis
Daily. After a powerful decline within the impulse [A], we saw a complicated correction [B], which took form of an atypical triple three. It seems that at the last section the decline within the new trend [C] has already started.
H4. The pair has built the downside impulse 1, after which we saw the beginning of the upward correction 2. We cannot rule out the possibility that this wave will take form of a simple bullish Zigzag. As a result, this week we expect the pair to keep rising in line with the approximate trajectory shown at the chart.