The GBP/USD has made a powerful retracement and now the value is strictly on the 61.8 fib retracement of the final swing.
W H3/D H3 rejection is predicted because it constitutes the POC zone 1.3850-70 We must always see a transfer in the direction of the W H4 – 1.3915. A profitable retest of 1.3938 can also be potential. In that case search for a potential breakout or a bounce. If it occurs 1.3975 is subsequent. Bulls ought to be protected so long as the value is above 1.3820.
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