4 hour
The GBP/USD is probably in 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 (blue).
1 hour
The GBP/USD could be building a bearish retracement. A bullish breakout could start a wave 3.
4 hour
1 hour
Origin: Admiral Markets
