4 hour
The GBP/USD bounced at the Fibonacci levels of wave 4 vs 3 (brown) and the support trend line (green) but was not able to break above the resistance trend line (red). A break below the current support (green) could still belong to a wave 4 (brown) as long as price does not break below the top of wave 1 (blue line).
1 hour
The GBP/USD could be building a wave 1-2 (blue) if price stays above the 100% Fibonacci level of wave 2 vs 1.
4 hour
1 hour
Origin: Admiral Markets
