4 hour
The GBP/USD broke above the resistance (dotted orange) trend line and moved up to retest the higher Fibonacci level at 1.3260.
A breakout above the top (100% Fib) or below the support trend line (green) is needed before a larger directional move can be expected.
1 hour
The GBP/USD has expanded the choppy correction via a complex correction of WXY (green) and price has now reached the top of the channel (red), which could create a bearish bounce back to test the bottom of the channel.
Origin: Admiral Markets
