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  • GBP/USD is finding support at the 23.6% Fibo retracement of the 11th March low to post Brexit vote swing high with the confluence of trendline old resistance turns support.  
  • The  Ichimoku Cloud if bullish on the 4hr stochastic is somewhat overdone.
  • However, there is potential for some higher grounds according to the daily stochastics.
  • Bears look for a test of the 38.2% Fibo confluence level where bulls  will look to hold for a considerable discount, targetting the 1.36 handle, (1.3584 200 week ma).