The daily chart of the GBP/USD pair shows a Gravestone Doji candle… that too at 1.2404 (23.6% Fibo of 1.3445-1.2083).
The doors have been opened for a Fed rate hike in December, thus the odds of the pair retreating to 1.2250 are high.
The doors have been opened for a Fed rate hike in December, thus the odds of the pair retreating to 1.2250 are high.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.