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Cable with ticker GBP/USD has seen some nice recovery at the end of 2023; move that is looking impulsive so more gains can be seen after the corrective retracement that is now underway. Ideally, that's wave four correction, a higher degree pullback that can sooner or later send prices back to the highs, possibly already now after first support near 1.26 held, but we still need broken trendline resistance near 1.2750 to make sure that fifth wave up is in play for 1.29-1.3 Dupper support is at 1.25 if 1.26 flor is broken.

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For a detailed view and more analysis like this, you may want to watch our latest recording of a live webinar streamed on January 22.

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