GBPUSD just had a strong rejection off the outer 0.618 fib level, in correspondence to our current ascending parallel channel. We will be looking to see the price head downwards from here, and potentially retest the bottom trendline of the channel. Furthermore, the inner Fibonacci is also indicating a good area around the 0.618 level to open longs, as well as the strong S/R area highlighted in green, ultimately creating this "zone of confluence" where we wan't to open our positions.