? GBP/USD Bearish Breakout has Fibonacci Targets at 1.30 ?
June 21, 2018
2 min read
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Hi trader,
The GBP/USD retested and bounced at the broken support level at 1.32 which now became resistance. A bearish continuation is likely if price manages to break the bottom.
GBP/USD
4 hour
The GBP/USD could aim for the next Fibonacci target at 1.30 if price manages to push below the support zone.
1 hour
The GBP/USD retracement yesterday could have been a wave 2 pullback. Price will need to fall to at least 1.3050 before a wave 3 pattern as indicated here can be confirmed.
Good trading,
Chris Svorcik
Elite CurrenSea
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