GBP/USD is at the high of the week, but in fifth wave shown on the hourly chart from 1.2364 which means that market can be ready for a turn. Ideally, there will be a three wave retracement coming from around 1.2540/50 region where near-term Fib. levels can act as a temporary resistance. We will wait on that A-B-C pullback which can be a nice opportunity to join the trend.
GBP/USD, 1H
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