GBPUSD is moving higher very strongly, still reaching new highs. We see price at important 78.6% Fibonacci retracement level but based on sharp move up, there are small chances for a bearish turn as this one should then be even stronger. However, it's all about the confirmation regarding the next coming wave. In other words we would want to see 1.4192 broken to turn bearish, but as things stands right now with USD bearish view across different pairs we think that bears are less likely to happen at this stage so we will simply have to look higher now within wave IV towards 1.4600-1.4650.
GBPUSD, 4H
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