GBP/USD Daily Fib Retracement & Fib Extension Short
Updated
GBP/USD is at the .886 retracement from the high to low, and is at the fibonacci extension of 1.272 of the last recent low to high. Also the structure we are in is looking bearish considering it is going up but the channel is looking weak. What do you guys think? Let me know thank you
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Price reversed a little higher than expected but price made a doji on the daily chart and now is on it's way down. This might not be a full reversal but it gave us a quick correction. Stay up to date to see if it keeps going down.
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