THIS IDEA MAY HAVE RISK POSITION .
Comment:
GBPUSD: 4 Hour cycle is bearish against 6/24 (1.5018) peak while 1 hour cycle is bullish against the 10/7/2016 low (1.195). Near term focus remain towards 1.3642-1.3907 area to end the cycle from 8/24 low then it should do a pullback in 3, 7 or 11 swings before further upside is seen.