4 hour
The GBP/USD bullish breakout above the long-term resistance trend line (dotted red) is slowing down substantially and building a sideways correction. Price is now testing a key support zone.
1 hour
The GBP/USD is building many ups and downs which could be explained by a potential choppy wave 4 (orange) pattern. A bullish breakout could confirm the continuation of the wave 3 (green).
4 hour
1 hour
Origin: Admiral Markets
