1 hour
The GBP/USD is building an extension within the 5th wave with another 5 waves (grey). The current pullback is a bear flag chart pattern and could be a wave 4 (grey).
A break above the 61.8% Fibonacci level invalidates the wave 4.
4 hour
The GBP/USD broke below the support trend line (dotted blue) and continued the downtrend.
Origin: Admiral Markets
