The GBP/USD prices are moving within an ascending triangle, a break above $1.5402 will lead prices toward $1.5419, $1.5440 and then $1.5470. As we can see on the H1 chart, the cable is in process to finish the 4th wave of the Elliot waves pattern. In deed, we expect the pair to cross above the top of this wave at $1.5402, leading to the formation of the 5th wave around the Fibonacci level %161.8 at $1.5470 and will push the price even higher. The Bullish outlook GBP/USD remain in place as long as prices move above the key support level around $1.5350 We also recommend our dear traders to monitor this level and using it as a stop loss level.