4 hour
The GBP/USD break above the 61.8% Fib makes a wave 4 (orange) less likely. For the moment, the Cable is testing the Fibonacci levels of wave 4 (orange) which could act as resistance.
1 hour
The GBP/USD is building momentum up and down but the overall picture is a range. Price is unable to break the support or resistance trend lines.
4 hour
1 hour
Origin: Admiral Markets
