GBPUSD 1hour Analysis December 21st, 2020

We had a strong push to the downside back to our key weekly level to start the week for GU. We are now waiting for a retrace back to at least the .382 fib around 1.334 or we would like to see the 1h 200MA act as resistance which currently sits at the .618 fib level at 1.340. When price reaches those zones wait for bearish engulfing/variations to form and create a clear LH. We will then look short.