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.
