GBPUSD
Price is rejecting off the 0.618 fib level and the previous resistance and will proceed to test the last resistance and 0.5 fib levels before going for higher highs. Doller weakness due to Repo rates and pound strength due to the pending brexit deal. A no Brainer really.
This coincides with the falling wedge on the weekly timeframe/ monthly. It is nearing the end of structure and it is hard to tell what will happens after it reacts to the structure or the 0.786 fib level. If a reversal happens then it will be a weak trend retesting structure.
Thank you for listen to my ted talk lmao
Price is rejecting off the 0.618 fib level and the previous resistance and will proceed to test the last resistance and 0.5 fib levels before going for higher highs. Doller weakness due to Repo rates and pound strength due to the pending brexit deal. A no Brainer really.
This coincides with the falling wedge on the weekly timeframe/ monthly. It is nearing the end of structure and it is hard to tell what will happens after it reacts to the structure or the 0.786 fib level. If a reversal happens then it will be a weak trend retesting structure.
Thank you for listen to my ted talk lmao