4 hour
The GBP/USD is building a bullish channel (red/green) within the sideways range (red/blue). A breakout above the top (100% Fib) or below the support (blue) is needed before a new trend can be expected.
1 hour
The GBP/USD is either expanding its WXY complex correction (green) via a new ABC (blue) or price will break below the channel support (green) and build a bearish zigzag (red).
4 hour
1 hour
Origin: Admiral Markets
