GBPUSD is still following an uptrend on the 4 Hour Chart. Looking for a retracement back to the .50 Fib retracement to place a long position in at 1.40545 with a stop loss 75 pips away below the last Higher Low. Looking for first target at 1.42596 which is at the .618 Fib Extension, with possible extension up to the 1.43861 (1.0 Fib Extension).
