Forex technical analysis: GBPUSD makes a break for more bearish freedom

There is some barb wire left ahead
The GBPUSD made a break for more bearish freedom () – rising above the:
see prior POST
The next level of barbed wire comes against the 38.2% retracement of the move down from The December 24 high. That level comes in at 1.4408 (see chart below).    The pair has been imprisoned in a bearish environment since the peak on December 11. The move lower totaled 1160 or so pips in a little over a month.  The correction higher is still well contained versus that move, but the break higher is an attempt to extend further…