GBP/USD: Elliot wave analysis
Weekly. Corrective wave [II] will soon be over.
Chart. Weekly GBP/USD
Daily. The wave [II] may have taken form of a flat. The final rising impulse wave V is now enfolding.
Chart. Daily GBP/USD
H4. There are 2 scenarios. According to the first one, we are now witnessing the formation of a corrective wave . When it’s over, the upside movement in the wave  of V will resume as it’s shown at the picture. However, there’s a chance that the wave V is already complete. In this case the maximum won’t be renewed and we’ll see a decline in the near term.
Chart. H4 GBP/USD
Roman Petuchov for FX Bazooka