GBP/USD downside momentum was stopped right above a crucial support level. Has turned to the upside and is very close to reach and retest the median line (ml) of the minor descending pitchfork. Will drop further if the resistance will hold and will reject the price.
A major drop will come if will take out the dynamic support from the red uptrend line, while another leg higher will appear after the breakout above the median line and after a retest of the uptrend line.
