The pattern is showing the fluctuate when it stand nearby the key price.
My pridiction is more about upside, because the momentum showing in H1 and H4 is lacking.
But, still, I don't know how long this pattern will complete.
The first break out will be easier to catch than any move. Stay tune.
There is a sign of slow down in momentum when GBPUSD touch the MA200 in H4 timeframe.
In the short run, I think that GBPUSD will rebounce a little bit before it really can break the MA200 to confirm the minor downtrend in H4
Cuz the Daily chart showing the sidewave pattern, there is a big ressistance in belief, so the price will stay here for a long time before...
Anyone can see this pattern, but aware with the Brexit progress.
There are many down side on the fundamental problem with post-Brexit deal.
Keep tracking the market!
khanhthuan.com
