GBPUSD Long Term Analysis as per The Wave Theory

FX:GBPUSD   British Pound / U.S. Dollar

We have a 5 Wave Downward Impulse structure complete and now starts the Upwward Correction

Here We have a Wave A which is a Upward Correction and this is a Type 2 Zigzag (where Wave A or C is a proper 5 Wave Impulse whilst the other is a ABC );

This downward 5 Wave Impulse is a Wave A then we will have a 3 Wave structure Wave B and then a downward Correction again;


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