4 hour
The GBP/USD bounced at the 38.2% Fibonacci retracement of wave 4 (green). The bullish breakout above the resistance trend line (dotted red) could indicate an uptrend continuation within wave 5 (green).
1 hour
The GBP/USD could first build a pullback after the bullish breakout as part of a potential wave 1-2 pattern (blue).
4 hour
1 hour
Origin: Admiral Markets
