? GBP/USD Bearish Breakout has Fibonacci Targets at 1.30 ?

2 min read

Hi trader,

The GBP/USD retested and bounced at the broken support level at 1.32 which now became resistance. A bearish continuation is likely if price manages to break the bottom.

GBP/USD

4 hour


The GBP/USD could aim for the next Fibonacci target at 1.30 if price manages to push below the support zone.

1 hour


The GBP/USD retracement yesterday could have been a wave 2 pullback. Price will need to fall to at least 1.3050 before a wave 3 pattern as indicated here can be confirmed.

Good trading,
Chris Svorcik
Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!

X