The GBPUSD formation hints to a bullish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary degree pattern is part of a triangle wave e. At the time of writing, the first four waves are fully complete. The last wave Ⓩ is only half the way through. Wave Ⓩ is a simple zigzag (A)-(B)-(C). Wave (A) completed its course in a 5-wave bullish move, whereas wave (B) formed a triangle. We could expect wave (C) to finalize the triple zigzag in a 5-wave impulse. Similar to wave (A). This could take prices up to 1.295, near the upper channel resistance. An alternative scenario suggests that the second intervening wave Ⓧ of the triple zigzag is ... (full story)