GBPUSD broke major downtrendline
Price is supported on Moving Average 100
MACD shows weakness in bearish momentum which indicates for coming bullish movement
Price is expected going up first towards 50% Fibonacci of preceding bearish wave at level 1.3205
then second target will near the resistance zone at 61.8% Fibonacci level 1.3277
Price is supported on Moving Average 100
MACD shows weakness in bearish momentum which indicates for coming bullish movement
Price is expected going up first towards 50% Fibonacci of preceding bearish wave at level 1.3205
then second target will near the resistance zone at 61.8% Fibonacci level 1.3277
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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.