GBPUSD Monthly Chart

From this MONTHLY chart, what is starting look obvious is that this pair MIGHT break out of a LONG consolidation pretty soon! Or will it?

WAVE COUNT
In my wave count, what I am seeing is that the right shoulder of a H&S pattern is still in the process of building and not yet done. So in my estimate, there is still a few more months of this consolidation yet to go. So within this H&S pattern, there was that incredible +7000 point drop after an impulse wave was completed that I have labeled as a wave (A). Following that wave (A), the next few years traced out a contracting triangle wave (B) that complete with an E leg overthrow. And in the last few months, it has been dropping from there in what i am seeing as a 3-wave wave A of a 3-wave wave (C) to complete the right shoulder.

PATTERNS
As I mentioned above, a large H&S pattern has been developing for years with the right shoulder still under development. And IMO, not yet done.