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The GBP/USD made a critical bullish breakout above the key resistance (red) trend line, which could spark the continuation of wave 5 (blue) within wave C (purple). Price is now building a series of higher highs and lows, which is confirming the uptrend.
1 hour
The GBP/USD breakout is probably a wave 3 momentum (orange) and the bull flag chart pattern is therefore probably a wave 4 correction. A break above the resistance (red) trend line could spark a continuation within wave 5 (orange).
4 hour
1 hour
Origin: Admiral Markets
