GBP/USD: Bearish Butterfly into Harmonic ABCD

Cable, H4: Upside breakout from rising wedge resulted in failure with sell off from bearish butterfly reversal window in the vicinity of 1.54. Eve-Eve Double Top installed between 1.53-1.54 reached its primary target at 1.5135 post US Advance GDP. A Break held below 1.5135 sets up Harmonic ABCD with 100% measured move to ~1.4960. Note horizontal support at (C) near 1.50.