A B wave low is in place for the GBPUSD. I wrote last week that “wave B is in 3 waves and waves a and c of B are roughly equal (a common occurrence).” The pair has worked higher from 1.3650 and price is testing the top side of the channel that contains the B wave. Expect a break higher. The minimum objective is above 1.50 (wave B origin). Bulls can move risk to 1.3880 and there is short term support at 1.4070.
