GBPUSD was in a downtrend and touched the support level about 1.3363, and temporary reversed to the long side (BUT) it is reaching to the upper trend line. ( also you can specify the perfect 5-way impulsive downtrend ) I think impulsive wave is completed too.
so there is 3 scenarios:
1- touch the trend live and return to continue downtrend
2- break the trend live and touch and reverse from resistance level about 1.350 and continue to the down side (it may range a little)
3- break the resistance about 1.350 and go long
short possibility : 2/3
long possibility : 1/3
so there is 3 scenarios:
1- touch the trend live and return to continue downtrend
2- break the trend live and touch and reverse from resistance level about 1.350 and continue to the down side (it may range a little)
3- break the resistance about 1.350 and go long
short possibility : 2/3
long possibility : 1/3