Pound is at the new swing high, but still in a corrective rally from 1.5160 where market completed an impulse down from end of August. That impulsive decline confirms bearish trend for the pair which should continue after an A-B-C rally is complete. Currently we see wave C in progress that should then slow down around the upper channel resistance line which comes in near 61.8% retracement level. Ideally pair will turn down from around 1.5580/1.5600.
GBPUSD 4h Elliott Wave Analysis