1 hour
The GBP/USD tried to break above resistance (dotted orange) yesterday but did not manage to continue.
This could be a pullback but price will need to break above resistance (red) again to confirm a potential bullish break for wave C (purple).
4 hour
The GBP/USD bullish momentum has completed a wave A (purple) at the 38.2% Fibonacci resistance level and perhaps a wave B (purple) at the 50% Fib.
