The GBPUSD followed the EURUSD lower in support of that trend. However, it doesn’t have too. The pair has rebounded higher and now trades above the 50% of the days trading range. That is a sign to me that the sellers are not so much in control. The market is more balanced and may even have some buying in it’s blood. Be careful. The “waters are muddy”.
GBPUSD above 50% …careful
