1. GBPUSD faced resistance at the 38.2% Fibonacci Retracement Level from the most recent down move (@ 1.5551 Level).
2. I still believe GBPUSD will retrace to the 61.8% Fibonacci Level @ 1.5922 for a re-test of the long term broken down trend line (in red).
3. Question is: Will it go there immediately or will we see a retracement before a push back up ? This is why we shift to the Daily & H4 Charts
** Keep Following **
2. I still believe GBPUSD will retrace to the 61.8% Fibonacci Level @ 1.5922 for a re-test of the long term broken down trend line (in red).
3. Question is: Will it go there immediately or will we see a retracement before a push back up ? This is why we shift to the Daily & H4 Charts
** Keep Following **
