GBPUSD moved higher recently, above 1.4511 level which means that recovery since late February is not a triangle, but rather a double zigzag. However, it's still a corrective black wave IV visible on higher time frames, which in fact may complete a contra-trend move earlier than we thought, but at higher levels. We are tracking a second zigzag now with red subwave C) in progress that could make a top then around 1.4700 area. We however will have to wait on impulsive bearish reversal before any "top in place" can be confirmed.
GBPUSD, 4H
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