long Term analysis on GBPUSD

15 Tem 2022

Since the Great Depression GBP/USD has been in correction in three wave structure WXY until 2020. since 19 march the market started a new impulse cycle. It has made wave (1) in the intermediate degree and its subdivisions (i)(ii)(iii)(iv) and (v) making wave (1) and since 02 July 2021 GBPUSD has been correcting deeply in form of a zigzag labeled A,B and now it looks like it has finished wave C and now it is starting wave (3) so we expect more to the upside from now