GBP/USD broke beneath 1.4740 which confrimed the end of a triangle placed in wave (4) so we see lower levels ahead. Notice that decline from 1.4973 is also very strong and sharp; a clear impulsive wave that suggests a revesit of March lows. We in-fact expect a decisive break through that low and towards 1.4200 zone in April, which is around 500 pips lower so pullbacks can be interesting for short entries.
GBP/USD 4h Elliott Wave Analysis