GBPUSD LONG RETEST 1.4000
Here we have GU current rejecting from 1.3860 this is in line with fib 61.8% retracement which enforces the confidence that GU will move to the upside. It the looks like it will try and retest the 1.4000 major resistance level before building more momentum for short on the weekly timeframe. There's important news this week that could decide whether GU has enough moment to break through. Gold is looking very bullish so this may massively impact the USD which will ineffectively impact GBP.
Penafian
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