4 hour
The GBP/USD bounced at the 23.6% Fibonacci level of wave 4 (green) and price is building a bullish channel. A break below the channel could see price test the 38.2-50% Fibonacci support levels.
1 hour
The GBP/USD is building a potential wave B (blue) correction within a larger ABC. A bullish break above the round level of 1.40 invalidates the ABC correction and indicates an immediate uptrend continuation.
4 hour
1 hour
Origin: Admiral Markets
