GBPUSD has turned to the upside since the start of March which looks like a new five wave bullish move in progress. We call that an impulse in the making which is not over yet as we see current set-back from the highs in three legs, therefore it’s probably wave four that can send prices higher next week. Technically speaking pair is bullish while it trades above the trendline support connected from 1.3710, so watch out for that upper trendline of a current downward channel which may confirm the end of wave four once the line is decisively broken.
GBPUSD, 4H
