- GBP/USD on the 4 hour chart is approaching a Key Reversal @ 1.5858 level.
- Level 1.5858 represent the completion of a large AB=CD pattern.
- Level 1.5858 is the Level 3 target of a previous 3-wave correction pattern.
I anticipate a potential Bullish reversal around level 1.5858.
A breakout of trend lines to the upside could see a minimum Bullish target reaching Fibonacci 161.8% - Target @ 1.6283.