As we look at the GBPUSD chart we are in a overall bullishtrend on the higher TF's. We are now pulling back for a healthy retracement to prior support and in confluence with the 61.8 FIB. We could also be making a double bottom which would be giving this analysis even more strength. We've been making HH's and HL's as well. See how this plays out. However the trendlines in place could act as some resistance let's see how the market reacts and we adjust accordingly. Trade safe.