4 hour
The GBP/USD remains in the bullish channel (red/green) within the larger sideways range (red/blue). A breakout above the higher resistance (red) or below the support (blue) is needed before a new trend can be expected.
1 hour
The GBP/USD is building a bearish wave 1-2 (brown) if price manages to break below support (green). A break above resistance (orange) could see price test the bigger resistance (red).
4 hour
1 hour
Origin: Admiral Markets
