Cable with ticker GBPUSD is trading in wave four correction, a higher degree pullback that can sooner or later send prices back to the highs, possibly already now after first support for a triangle near 1.26 held, but we still need broken upper triangle line near 1.2750 to make sure that fifth wave up is in play for 1.29-1.3. Deeper support is at 1.25 if 1.26 flor is broken. {chart} GBPUSD 4H Chart. (full story)