FX:GBPUSD   British Pound / U.S. Dollar
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Weekly: Price has still been making higher lowers. The 0.786 fib level has held for 3 weeks. Last weeks candlestick was a doji showing indecision between traders as to where to take the markets.

Daily: Price formed a double bottom at 0.786 fib level. Price retested daily trendline. Price retested a minor level.Price closed above 1.38 psych level with strong bullish momentum.

4 hour: Many previous highs have been taken out.

Overall: Seems as though GBPUSD is ready to reverse and there is a bullish 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.

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