In this GBPUSD we do have a reason..! A reversed head and shoulder pattern has developed with price being massively rejected at the right shoulder level. I am not saying that we should jum in right away. Instead we may wait to see if price breaks above the quartile, and in such case we better wait for a pullback (retest) to the broken level.
Any buy setup comppletion at that level will be a great opportunity for us to get in a trade with great potential to the upside