GBP/USD Forecast. Wave Analysis

gbp-l44 hour

The GBP/USD seems to be building a wave 1-2 (green) within wave 5 (brown) unless price breaks below the bottom of wave 4 (brown). A bullish break above resistance (red) could confirm wave 5 (brown).

1 hour

The GBP/USD could have completed an ABC zigzag (grey) within wave 2 (green). A bullish breakout could confirm the potential waves 3.

4 hour

1 hour

Origin: Admiral Markets

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