4 hour
The GBP/USD is building a large bull flag chart pattern. A bullish breakout above the resistance trend line (red) could confirm the pattern and a wave 5 of wave C. A break below the 61.8% Fib of wave 4 vs 3 makes a wave 4 less likely.
1 hour
The GBP/USD seems to be building a potential ABC (blue) within a wave 1-2 (green).
4 hour
1 hour
Origin: Admiral Markets
