GBPUSD H4

- GBPUSD rebound from 1.1958 extended last week and broke 38.2% fib retracement of 1.3381 to 1.1958 and NOW at 1.2502.
UPSIDE SCEANRIO: Initial bias for this week remains for upside. Sustained break of 1.2502 will target 61.8% retracement level at 1.2837.
DOWNSIDE SCENARIO: On the downside, break of 1.2283 minor support will suggest that the rebound is completed. and intraday bias will be turned back to the downside for retesting 1.1958 low.

Regards, GoldfXcc Team