GBPUSD is still in corrective pattern and has fallen under the longterm rising trendline. Currently in retesting this trendline from the downside.
I think there is still a little bit room to the upside, another retest and touch of the 38% Fib level before we continue the big move to the downside.
Be patient and trade with care, do not rush anything, wait for proper price action signal.
I think there is still a little bit room to the upside, another retest and touch of the 38% Fib level before we continue the big move to the downside.
Be patient and trade with care, do not rush anything, wait for proper price action signal.
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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.