GBPUSD, Determining Ascending-Channel-Breakout Incoming!

Hello,

Welcome to this analysis about GBPUSD, we are looking at the 4-hour timeframe perspectives. As already mentioned in previous analysis GBPUSD already developed this main descending-triangle-formation which also already completed with a sufficient breakout to the upside and activated upside targets, besides that now I discovered a further formational structure that can lead to great developments and approaching of the target-zone ahead of next times. As when looking at my chart now we can watch there how GBPUSD has established this ascending-channel-formation in the structure with the coherent wave-count within and the waves A to D almost already completed, now GBPUSD is about to form the wave E in the structure which can lead to an extension when GBPUSD shows up with the right price-action and increases demand. This will happen when GBPUSD manages to breakout above the upper-boundary of the ascending-channel as is marked in my chart, such a breakout will be the origin for further continuations to the upside and will activate the upside-targets marked in my chart in blue within the 1.408 level, once these targets are reached the situation needs to be elevated anew.

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