1 hour
The GBP/USD is in a potential wave 4 (orange) but this wave is invalidated if price manages to break above the bottom of wave 1 (red).
A break below support (green) could see the continuation of wave 3 (blue).
4 hour
The GBP/USD is challenging resistance lines (red/orange) and a break above these levels would invalidate (part of) the current wave structure.
Origin: Admiral Markets
