GBP/USD Forecast. Wave Analysis

gbp-l34 hour

The GBP/USD is in between support (green/blue) and resistance trend line (red). A bullish breakout could indicate a continuation within wave 5 (green) whereas a bearish break could indicate a new downtrend.

1 hour

The GBP/USD is challenging the Fibonacci levels of wave 4 (blue).

4 hour

1 hour

Origin: Admiral Markets

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