GBPUSD initially found support at 1.29640 on a harmonic pattern.
However, the bullish trend was weak which led to price dipping on last trading day. The bearish candle that formed wiped almost all bullish gains this week.
This week, price is likely to fall lower and retest the 3 month demand zone.
Watch as price reaches this level to see if it finds support, if not, price may retrace back to 7-Month demand zone.
However, the bullish trend was weak which led to price dipping on last trading day. The bearish candle that formed wiped almost all bullish gains this week.
This week, price is likely to fall lower and retest the 3 month demand zone.
Watch as price reaches this level to see if it finds support, if not, price may retrace back to 7-Month demand zone.