The pound against the dollar seems to be bearish on the week ahead. I expect the last push to complete the impulse (1)-(2)-(3)-(4)-(5) on intermediate degree, the fifth wave is a motive wave it can be an Ending Diagonal/ impulse wave.
If the price breaks above the highlighted it means my downside bias has been invalidated. The are many outcomes of the charts as the (1)-(2)-(3) can be (A)-(B)-(C) and the current wave (4) I labeled it could be a 1 on the minor degree.
A lot of what is happening is that we are on the 4th on cycle degree(green). If the price completes the wave (50 then we will see more upside moves.
If the price breaks above the highlighted it means my downside bias has been invalidated. The are many outcomes of the charts as the (1)-(2)-(3) can be (A)-(B)-(C) and the current wave (4) I labeled it could be a 1 on the minor degree.
A lot of what is happening is that we are on the 4th on cycle degree(green). If the price completes the wave (50 then we will see more upside moves.