FX:GBPUSD   British Pound / U.S. Dollar
The Pound has been in a clear channel over the last year. Support can be appreciated by the 13 EMA , and there is a clear rising trendline .

The moving averages 13/50 reflect the uptrend.

Price has reached the significant crossroad touching the 200 MAV             .

There could be 2 possibilities from here.

Price Falters

The 200 MAV             @ 142.41 has seen price stopped just below for the prior week.

Significant resistance is present above at 1.4575 , with prominent horizontal resistance from early 2015 and mid 2016 , together with the .50 fib retracement of the downtrend from June 2014 to Oct 2016.

From a wave perspective , a possible wave count could see the present price movement look to complete a wave 4 around the .50 fib.


Price Rises

Price would need to have a clear break of 1.46 , and a long perspective to 1.58 may be in order to the next level of significant resistance.
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