4 hour
The GBP/USD break above the resistance trend line (dotted red) of the channel and has built a larger correction at the larger support trend lines (blue). A break above the 61.8% Fibonacci level invalidates the bearish wave pattern and indicates that more upside is likely.
1 hour
The GBP/USD is showing strong bullish momentum and is building a neat channel to the upside. Price could face sturdy resistance at the Fib levels of the 4 hour chart.
4 hour
1 hour
Origin: Admiral Markets
