The first two weeks of this month gbpusd has been going long for about 400 hundred pips, I expected the target resistance zone is at the price 1.34,400.
I still speculate that 1.34400 is a resistance but since the market is at the 61.8 Fibo level ,that is a potential point of price reversal, expecting sell retest makes sense to me.
Target sell retracement is at 1.25500 and target resistance after retracement is at 1.34400 .
NOTE : be optimistic but remember to take a raincoat
I still speculate that 1.34400 is a resistance but since the market is at the 61.8 Fibo level ,that is a potential point of price reversal, expecting sell retest makes sense to me.
Target sell retracement is at 1.25500 and target resistance after retracement is at 1.34400 .
NOTE : be optimistic but remember to take a raincoat
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