GBPUSD looking to go short after it rejects a broken support turned into resistance and 38.20% FIB level.
Note
GU ended up not respecting the support, trendline, and Fib levels resulting in our analysis not being eligible for short positions. We would've executed short positions if any of the levels above were rejected properly. Long opportunities presented themselves upon the breakout and retest.
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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.