GBPUSD has likely end of 5 waves moving down. Base on channeling technique, wave 5 is likely end. Also, RSI between wave 3 and 5 shows divergence and tweezers candle pattern support that price tend to move up. But there are some counter reasons included RSI of wave 3 does not show extreme (usually extreme) and RSI of wave 5 not higher than of wave 3 (its equal, mean that momentum up is less strong).
There are not any fibonacci relation too.
So, this is weak recommend. You can try.
There are not any fibonacci relation too.
So, this is weak recommend. You can try.