4 hour
The GBP/USD bullish momentum is probably creating a wave 1 (green). A bullish break above resistance (red) could confirm wave 5 (brown).
1 hour
The GBP/USD seems to have completed a 5th wave (grey) and could correct lower when it breaks support. Alternatively, it could break for one more higher high and complete wave 5 at the Fib targets.
4 hour
1 hour
Origin: Admiral Markets
