GBPUSD: Upwing nearing an end?
Updated
It was a big leg down from July - Sept -
so some attempt at selling a retracement makes sense
- probably in the pocket between the 50% and 61.8% Fib levels.
Trade: Sell a bounce into 1.27 down towards 1.24, cut losses above the 61.8% Fib
so some attempt at selling a retracement makes sense
- probably in the pocket between the 50% and 61.8% Fib levels.
Trade: Sell a bounce into 1.27 down towards 1.24, cut losses above the 61.8% Fib
Note
Quite a lot of chop at the supply zone - trade working for now
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Market Analyst at WeTrade
wetradebroker.com/education/analysis/jasper/
Contributor to SpreadEx
spreadex.com/financials/news-analysis/weekly-technical-analysis/
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