Cable is in strong recovery, with price accelerating now even outside of an upward channel which confirms a continuation up into wave C/3 that can be made by a lower degree impulse as pair even breaks above 1,28 which can be interesting support on blue wave four dips.
GBPUSD 4H Chart
The reason why Cable can stay in an impulsive recovery is because the British Pound is one of the strongest currencies since DXY broke below 106 level, so buying dips makes sense.
For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on March 10 2025:
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