GBPUSD holding right now at 200 MA and support line.
I anticipate a movement to retest previous support at 1.375
However, a downward movement would take us to 1.32 which is the 350 MA and also the 1.618 fib level.
Worse case, price will go to the double top target at 1.30, which is around the critical 450 MA.
I am overall bearish.
Stay safe, traders!
I anticipate a movement to retest previous support at 1.375
However, a downward movement would take us to 1.32 which is the 350 MA and also the 1.618 fib level.
Worse case, price will go to the double top target at 1.30, which is around the critical 450 MA.
I am overall bearish.
Stay safe, traders!