GBPUSD Breakdown Analysis

My outlook on GBPUSD for this coming week. Pound retraced to 62% fib retracement, but more liquidity lies at the 79% area, so price might move up from its current position or carry on downwards, tapping liquidity at 79% fib retracement and then shoot up. COT reports shows massive amount of shorts being closed on the Pound and huge amount of long positions being opened, indicating a price going long.