based on accumulation on the four wicks marked, using a wyckoff strategy, GBPUSD is creating a bullish market. With the fib retracement, look for oversold entries.
Kommentar:
Downwards trend on GBP pairs have reached a strong support and has concluded the trend, market is oversold. We might see an upwards trend forming in the next few months, don't get confused if the market looks bearish.. Look at higher time frames in order to undertstand the trend.