WILL GBPUSD GO BULLISH ???

30 thg 7, 2023

Looking at the past view weeks the market as been forming an HIGHER LOWS showing an area of confluence within the 0.618 to 0.5 Fibonacci Retracement. Whenever stock moves upwards or downwards sharply, it often retraces before continuing its journey ( MARKET CORRECTION) . The 0.618 Fibonacci retracement level tends to act as a capitulation price level where anyone who was going to stop-out of a position has been stopped out or has given up. This is what makes the 0.618 Fibonacci retracement level a prime entry point. Which the analysis as respected thereby showing a price action.

T.P 1.30000
S.L 1.27587

POSSIBLE ENTRY FOR ZONE RETEST: 1.28631