FX.co ★ GBP/USD wave analysis. A weekly review.

Last week the GBP/USD pair price having formed the 4th wave in the 5th (in assumed C), renewed the decline supposedly making the 5th wave in the 5th. Taking into account the gathered pace and the situation in Europe, in the limits of the developing 5th wave, for the pound there appears a prospect of the quotes’ sliding to the predicted levels, located around the level of 1,4150.