Long

Gbpusd breaks through the effective upper fractal of 4h, which is represented by a green horizontal line. At present, it is in the middle of three waves of 1h, and there is still a little distance to the end. The current position is about 0.618. Based on the standard model, three waves will end between 0.786-0.886, then callback, and finally reach five waves. At present, ac shows a bullish green line of 3 for 1h, and ao is above the 0 axis, which is expected to continue to rise.