GBP/USD: Elliot wave analysis
Weekly. Pound may have completed the construction of a correction wave [II]. The detailed layout is shown below.
Chart. Weekly GBP/USD
Daily. The waves  and  which represent the beginning of downward momentum are complete.
Chart. Daily GBP/USD
H4. Presumably the wave  took the form of a Zigzag. It looks complete. If the layout is correct, in the near future we can expect a decline.
Chart. H4 GBP/USD
Roman Petuchov for FX BAZOOKA