A short time wave analysis of GBPUSD as of April 1st.
Following the previous analysis, it failed to settle above the critical support line (blue). The recent upper high is the new weekly correction trend line position for the bearish wave. So the market can test up again to draw a daily bearish resistance below it. If it breaks through that area and settles again, the weekly correction trend line of the downtrend could be drawn upwards. In case of failure, a line of daily downtrend will be created, which will come down.
Therefore, it is wise to short-term buy and sell near resistance. If it breaks above, take it by next week.
good luck.
Following the previous analysis, it failed to settle above the critical support line (blue). The recent upper high is the new weekly correction trend line position for the bearish wave. So the market can test up again to draw a daily bearish resistance below it. If it breaks through that area and settles again, the weekly correction trend line of the downtrend could be drawn upwards. In case of failure, a line of daily downtrend will be created, which will come down.
Therefore, it is wise to short-term buy and sell near resistance. If it breaks above, take it by next week.
good luck.