GBP/USD Breaks All Resistance Levels with Wave-3 Momentum

rub-l124 hour

The GBP/USD has broken above the resistance trend line (dotted orange) and previous top and is confirming its bullish momentum within waves 3 (purple and blue).

A continuation of the bullish momentum seems likely even if a larger correction takes place, because that could be the wave 4 (purple) pullback.

1 hour

The GBP/USD is extending the bullish momentum higher and seems to be finishing waves 5 within wave 3 (purple). Eventually price could start a larger wave 4 (purple) pullback.


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