Greetings.
Let’s take a look at the GBP/USD hourly chart.
The underlying trend remains potentially bullish and we just hit the 38.2% Fibo retracement level from the last movement up.
On the shorter term, look for potential movement down and once, it completes, look for the upward trend to continue – watch Fibonacci levels.
Good luck with trading and be sure to apply your money management and utilize your stops.
