Daily: Price formed a at 0.786 fib level. Price retested daily trendline. Price retested a minor level.Price closed above 1.38 psych level with strong momentum.
4 hour: Many previous highs have been taken out.
Overall: Seems as though GBPUSD is ready to reverse and there is a outlook for the week ahead. We can expect price to head towards 1.400 level . In order for price to head towards the fib extension and for price to 'fully reverse' a daily closure above 1.400 level is crucial.