4 hour
The GBP/USD has not broken below the support trend line (blue) as yet but the strong bearish momentum makes a bearish breakout likely, which could be part of a wave 5 (green).
1 hour
The GBP/USD bearish momentum is probably a wave 1 (orange) which could see a bounce and a retracement for a wave 2 (orange).
4 hour
1 hour
Origin: Admiral Markets
