4 hour
The GBP/USD could have completed a 5th wave (purple) within wave 1 (red). A bearish bounce at the resistance trend line (red) could see price move lower towards the Fib targets of wave 5.
1 hour
A GBP/USD bullish break above resistance (red/orange) could see the start of a wave 2 (red).
4 hour
1 hour
Origin: Admiral Markets
