GBPUSD: On the weekly timeframe we are overall bearish but two weeks ago we formed a bullish engulfing. We will need to go down timeframes to see the significance. On the daily we are clearly still within a down trend. But we are still respecting the moving averages for the last 8 and 18 days as they have crossed bullish. On the H4 timeframe we are forming a bullish flag which is a continuation pattern. Endless we completely break and retest this zone we are targeting higher!