GBPUSD is still in accordance with the last analysis. the trend looks bullish. now the price has reached fibo expansion 1. the length of wave 5 is the same as wave 3. if the price today can form a new HH, then there is a high probability that the price will form a bullish continuation again.
The pair may either rally or drop from the consolidation point and make a good move from that zone but only after a retest. The consolidation channel has been valid in one week, one day , 4hr , 2 hr and 1 hr tfs a clear confirmation that the trend is building strongly
we apply WBT (WAIT BREAK TRIANGLE) and retest and either short or long it depending on the side...
