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