Publishing so I can come back to my analysis.
GBPUSD already broke the 4 hr trendline to the downside but it could retest the backside of the trendline again before heading back down for a deeper retracement .. or just dump from here.
Im overall BULLISH but looks like we are getting a bearish retracement possibly back down to daily support around 1.23430 .. but i think i can safely trade to the 382 fib level around1.24530
GBPUSD already broke the 4 hr trendline to the downside but it could retest the backside of the trendline again before heading back down for a deeper retracement .. or just dump from here.
Im overall BULLISH but looks like we are getting a bearish retracement possibly back down to daily support around 1.23430 .. but i think i can safely trade to the 382 fib level around1.24530
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.