Our Daily wave count suggests that British Pound has entered into a corrective wave 4, which up to now is developing to be a zigzag. The most important level to watch here is 1.400 which should not be broken in case GBP/USD is to reach a higher point as suggested by our current and past analysis.
Trading 4th waves is always tiring due to many false signals and time it may take to complete, however up to now British Pound has created a nice picture which gives us good risk-reward... Read Full Trade Setup on source link
