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GBP/USD: wave analysis (9.12)

Weekly. The pair keeps on building the [c] impulse wave of B.

График. Weekly GBP/USD

Daily. The bullish trend is almost over and we expect to see a bearish reversal in the nearest future. However, the new local maximum in the wave (v) still has to be formed. 

График. Daily GBP/USD

H4. Cable is now building the corrective wave IV that is sloped slightly to the downside. After that we expect the pair to make a bullish move. 

Chart. H4 GBP/USD

Roman Petuchov for FX BAZOOKA

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