I’ve seen the price sitting in discount territory, and the Fibonacci trend line is already broken. If GBPUSD closes a 1-hour candle below that trend line with strong bearish momentum and tears through the purple box, I’m aiming for 1.29547. On the flip side, if GBPUSD closes a 1-hour candle above the trend line with solid bullish momentum, I’m eyeing 1.30315 as resistance.
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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.