4 hour
The second GBP/USD bullish breakout is showing strong momentum which could be part of a larger wave 5 (orange). The bullish price action is at a new bounce or break spot. A bearish bounce could see price retest the broken resistance (dotted red) and 50% Fibonacci of wave 2 vs 1.
1 hour
The GBP/USD in a bullish trend channel and could be building a wave 1 (green) within wave 3 (brown).
4 hour
1 hour
Origin: Admiral Markets
