GBPUSD Different Outlooks

GBPUSD is in a strong downtrend and has made lower lows and lower highs.

Currently, price is in the exhaustion phase and is moving up in order to retest the yellow broken support level around 1.3454 - 1.3660

Since we are in a downtrend, we should look for sell, but we need to wait for the retest to the yellow level, or more retrace around the red resistance level at 1.3552

On the other side, If price broke the yellow level to the upside, we have to wait for the upside breakout on the red resistance level at 1.3522, then a retest with a higher high, higher low structure formation to make sure that the trend has reversed an go for buy positions.