4 hour
The GBP/USD is challenging a deep 88.6% resistance Fibonacci retracement level of wave 2 vs 1 (red).
A break above the 100% Fib level invalidates that wave 2 (red). Price could either be in an ABC (purple) correction or in a wave 123.
1 hour
The GBP/USD is testing an important resistance trend line (red).
Origin: Admiral Markets
