GBPUSD trendline broke as expected soon retest and more falling?

2021年3月31日

We talked about GBPUSD that is getting weaker and weaker in full detailed analysis and explain reasons of expected breakout on daily trendline in previous analysis:

now we are looking at this important zone and we can see that support taken from 0.38 of Fibooancci is valid and in next few days we would expect maybe one more touch to this support or rise to retest breakout and again continuation of correction to new target like 1.3480 that is strong daily support and 0.5% of Fibonacci as shown on chart

some important zone shown with blue cycles on chart .
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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