GBP/USD is about to complete Intermediate (B) (orange) with Minor Wave C (light blue) showing the Bullish Divergence at the 61.8% Fib Retracement of Intermediate (A) (orange) and at 100% Fib Extension from Minutes A&B (pink).
Minute Wave C (pink) is about to finalize and with it, also Minor C (light blue), thus completing the Cycle for Intermediate (B) (orange).
The Bullish Divergence should cause an Impulse towards a new Minor Wave 1, therefore, GBP/USD should have a Trend Reversal.
Entry Levels for BUY Positions:
Aggressive – 1.2250
SL – 1.2150
Conservative – 1.2200
SL – 1.2100
TP 1 – 1.2500
TP 2 – 1.2700