GBP/USD: weekly wave analysis
Daily. It seems that the development of the complex corrective wave [B] was complete. At the last section, we see the start of the new downtrend. The pair is currently forming 2, after which the pair’s decline will resume.
H4. The wave 2 is taking form if the rising triple. This week we will see the final part of the zigzag [z]. When this wave is finished, the price will start declining in line with what is shown at the picture.