GBPUSD Weekly Anticipation

GU is having downtrend overall and a bit of an accelerated downtrend on the weekly. It can certainly break the current trend line and continue up to the overall trend line but if it does get rejected, it's already retraced from the 50% line and fell to the 127 extension level. We can perhaps see a rise to the 78.6 which is still a substantial level and continue downward from there.