GBP/USD has made five waves up from January low which we see it as an impulsive wave up in wave 1, followed by a recent corrective move that we see it as a double zig-zag pattern in wave 2. At the moment we see price trading in the second zig-zag with sub-wave C in motion, that can resume its weakness towards the 61.8 Fibonacci ratio and the former wave 4), where both can act as support and critical turning points.
GBP/USD, 4H
