GBP/USD intraday wave count - 5th wave could end around 1.4540
The hourly chart clearly shows 5th wave is in progress and could come to an end around 1.4533 (50% of 1.5230-1.3835) - 1.4549 (23.6% of 1.3835-1.4770).
As said in the morning outlook, the uptick could be explained by expectations of a rebound in CPI release. Hence, I would reiterate that bulls would require a break above 1.4549 levels.
As said in the morning outlook, the uptick could be explained by expectations of a rebound in CPI release. Hence, I would reiterate that bulls would require a break above 1.4549 levels.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.