GBP/USD long
Hey guys,
A very nice setup for GU is forming. We have an Institutional Range exactly at the 1.38000 level, which aligns perfectly with the middle of the 0.62 and 0.79 level on the Fibonacci Retracement Tool. We expect the continuation of the upward movement possibly making new highs, once we see more institutional buying at the 1.38000 order Block.
A very nice setup for GU is forming. We have an Institutional Range exactly at the 1.38000 level, which aligns perfectly with the middle of the 0.62 and 0.79 level on the Fibonacci Retracement Tool. We expect the continuation of the upward movement possibly making new highs, once we see more institutional buying at the 1.38000 order Block.
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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.