GBPUSD can be trading in an EW ending diagonal within higher degree wave C, with recent turn down representing corrective sub-wave 4), that looks to have found support at the lower EW trend line. Current rally that we see is part of wave 5) which must be structured by three sub-waves in order to complet an EW ending diagonal. A possible top and reversal zone for the pair can be found around the 1.344/1.353 area.
GBPUSD, 4h
