4 hour
The GBP/USD is building a small triangle pattern (red/green) after its bearish retracement within the larger uptrend. A bullish breakout above resistance (red) could restart the wave 3 (blue).
1 hour
The GBP/USD is moving sideways and offers a key support (green) and resistance (red) trend line. A break below the top of wave 1 (blue) invalidates the wave 4 (grey).
4 hour
1 hour
Origin: Admiral Markets
