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.