Daily down trend to continue, room for some bullish movement on 4h to meet moving average of the BB before the sell off to test previous support. Pull back has failed to break 60% fib level and strong bearish wicks showing on the daily and 4h. Opinions?
GBPUSD seems to be respecting the steep upward trend line. Pushing hard on the lower bollinger band. Has not retraced much and is a possibility of falling a little more to the 0.5 fib level. Tall upper wick at the end of a downward movement followed by a strong hammer candle showing positive bullish signs. USD fundamentals showing a bearish sentiment and my MT4...