4 hour
The GBP/USD continues to build a bull flag chart pattern (red/blue lines).
A break above it could see price challenge the next Fibonacci level.
1 hour
The GBP/USD retracement still stays above the 38.2% Fibonacci retracement level at 1.2750. A break below the 61.8% Fibonacci level invalidates wave 4 (purple) where a break above the bull flag (red) could see a wave 5 (purple) develop.
Origin: Admiral Markets
