GBPUSD Long Scenario Near Fibo 50

Pound, euro, and silver are correcting against USD this week; which should not be a surprising fact due to their recent rallies against USD for some weeks. It is a healthy movement since their RSI indicators inflated too much. This week provides a great opportunity for such needed corrections thanks to the fact of FED meeting tomorrow which is expected to have a hawkish tone.

I don't believe DXY can change its course for good, it is just a correction. Most probably beginning the next week USD will continue to lose its strength and in the meantime, we should find enough opportunities to benefit from these corrective structures.