4 hour
The GBP/USD failed to break above the resistance trend line (red) of the consolidation pattern. Price is now testing the larger support trend lines and a bearish break could see price make a bearish reversal.
1 hour
The GBP/USD is testing the support trend line (green) of the corrective pattern. A bearish break could see price fall towards the Fibonacci targets of wave C vs A.
4 hour
1 hour
Origin: Admiral Markets