GBPUSD: How deep it's pulling back?
2 Scenario has set for today.
1. Buy Bias: If price hold above 38.2 Fibo.
Look for reversal pattern (Dubble buttom or Break out from price compression or Price Action or what ever that show the sign of Buyer has steped in).
2. Sale Bias: If price break and hold below 38.2 Fibo.
Look for break below and retest around level 38.2 Fibo.
1. Buy Bias: If price hold above 38.2 Fibo.
Look for reversal pattern (Dubble buttom or Break out from price compression or Price Action or what ever that show the sign of Buyer has steped in).
2. Sale Bias: If price break and hold below 38.2 Fibo.
Look for break below and retest around level 38.2 Fibo.
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