GBPUSD is in near to good confluence area offered by weekly resistance and broken trendline which is come to play as resistance now. Monday will be the decision making day for bear. If we have a good rejection from this area on Monday then we can see it’s falling to the direction of 1.5600 then 1.5500.
It seems that GU rejected by 3rd time from 1.5030 area and find a good support. Next week we can hope an up movement, but a there is a barricade offered by 4hrs. If we switch to 4 hrs time frame then we see it is developing a down trendline. So For the up movement GU first needs to break this barricade offered by 4hrs, then the first target can be 1.5230 and breaking of this level will be directed to the next target at 1.5395. But if it fails to break this 4hrs barricade and break 1.5030 to down then the opposite scenario can be introduced with target to the recent low.