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Back Fundamental analysis
British Pound: Weekly Preview
The British pound has been trading
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The British pound has been trading similarly to the euro in recent months (as it often does), constructing identical or very similar wave structures. However, the wave structure for the pound appears more convincing overall. We observed a long, complex corrective wave 4 that took the form of an A-B-C. Inside wave C, a corrective structure a-b-c-d-e was also formed. Following this, an upward wave set began to develop, which could signify the start of a new global wave 5
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Chin Zhao,
Analytical expert of InstaForex
© 2007-2025
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Alexander Dneprovskiy
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