4 hour
The GBP/USD remains in an uptrend channel (red/green) and price is challenging the top (red).
Price poked through the previous top and hence a bullish wave 5 (orange) seems more likely at this moment.
1 hour
The GBP/USD break above resistance (red) could see a wave 3 (purple) develop whereas a break below support (blue) could see price continue within the correction.
Origin: Admiral Markets
