4 hour
The GBP/USD made a break and pullback above the long-term resistance trend line (dotted red) and is now testing a lower time frame resistance level. The next break could be a bullish continuation within wave 5 (blue). Price will need to stay above the support trend lines (green) otherwise the uptrend is in danger.
1 hour
The GBP/USD bounced at the previous tops (green lines), which could be explained by a potential wave 4 (orange) pattern. A bullish breakout could confirm the continuation of the wave 3 (grey).
4 hour
1 hour
Origin: Admiral Markets
