GBPUSD WEAK DOLLAR

3 Mar 2019

GBPUSD seems to be respecting the steep upward trend line. Pushing hard on the lower bollinger band. Has not retraced much and is a possibility of falling a little more to the 0.5 fib level. Tall upper wick at the end of a downward movement followed by a strong hammer candle showing positive bullish signs. USD fundamentals showing a bearish sentiment and my MT4 stochastic indicator is showing oversold on both the H4 and daily. What does everyone think?