The GBP/USD made a bullish bounce at the support trend line which could fuel a continuation of the larger triangle pattern as indicated by ABCDE (purple) wave patterns.
The GBP/USD seems to have completed a bearish ABC zigzag (blue) pattern at the support zone (green), which could complete a potential wave D (purple). Price could now be ready to move up and test the Fibonacci levels of wave E v D.
The GBP/USD is testing the Fibonacci retracement levels of wave B vs A (blue), which could act as a potential support zone for an ABC zigzag higher. A bullish reversal could confirm an ABC wave pattern.
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