GBPUSD at yearly highPair has got to yearly high on Friday and it will lose it's steam before moving again up. There are few factors for that.
1. Price is overextended on RSI (overbought)
2. 161% fib level
3. Yearly resistence line
We are now at end of wave 3 and wawe 4 will most likely begin next week. Wave 4 is restracement. It's never too smart to trade wave 4, but to wait for a continuation and wave 5.
If you wish to trade wave 4, wait for break of support line, but it's possible that never occur. If it does, price will most likely go to 1.28
