GBP/USD keeps moving higher as expected, now already in third leg of recovery after wave B) completed a pullback near 1.4174. There is room for more upside ahead, as wave C) can make the same distance compared to wave A). Equality level comes in around 1.4460, which is at the area of a former red wave 4). As such, upside can be limited there if we consider that rally away from 1.4080 can be corrective, thus a temporary wave. We are tracking wave 4-circled that can cause a new turn down into wave 5 in February.
GBP/USD, 4H