Due to the nature of the break of the red circle, I will be reluctant to say that any furter down move beyond the zone of 88.6 fibonacci retracement of the move from 3142 to 4253 has a high possibility of happening. A true pole break vs a fake one is shown in the diagram, and at this point, all that is needed is one move inside the perimeter of the red circle to confirm a shift toward bullishness.
There will be no GBP/USD forecast, since structure is not clear at the moment on that pair
There will be no GBP/USD forecast, since structure is not clear at the moment on that pair