GBP/USD has made five waves up from January low which we see it as an impulsive wave up in wave 1-circled, followed by a recent three wave move that we see it as a flat in wave 2-circled, now completed. That said, cable can see more gains straight up from here and to a new high in a very strong impulsive manner if we consider that wave three of three can be around the corner.

GBPUSD, 4H

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