Just doing some EW analysis on the the Pound. It looks like we just finished a corrective structure ABC
on the hourly time frame to complete wave 2 of wave 3. Looking at the bullish
impulse at the 50 % retracement (the end of C) of the latest swing high to swing low on the 4 hour there is strong potential for the next leg up (impulsive wave 3 of 3) to break previous structure highs .5671.
Minimum target 1.57094 (100 % extension of 1+2) but we could easily hit 1.55793 (127 % extension of 1+2) and