GBPUSD a test of the 1.26000 🦐

Updated
GBPUSD on the 4h chart after the last bearish impulse retraced at the 0.886 Fibonacci level.
The price is trading above an important weekly structure and is currently testing the 50% retracement.

According to Plancton'strategy IF the price will move below we can look for short order.
Note
snapshot market drop as expected
Note
snapshot lower low
Note
snapshot moving lower
Trend Analysis

Disclaimer