This analysis is a combination of price action rtm and harmonic and fibo patterns... In my opinion, the dollar index has a price chat that can increase the index and cause the pound to fall...
Price can drop to 1.2579 on the fibo retracement ( 0.50 fibo )
After that, it can move up to the area of 1.2649 and drop and do 100 pips from there.
stop loss need for any position
good luck
Price can drop to 1.2579 on the fibo retracement ( 0.50 fibo )
After that, it can move up to the area of 1.2649 and drop and do 100 pips from there.
stop loss need for any position
good luck
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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.