GBPUSD approaching support: GU due for a bounce?

British Pound/U.S. DollarFXCM

Mô tả

⋅ 12 Th02 2019 08:58

There are several Fib extensions in confluence.
1.27865 is the crucial support that must hold.

Drag PRICE scale UP to remove overlap of zone numbers.
Drag TIME scale RIGHT to see more history and fibs.

I am not trading this pair due to random Brexit news.
But wanted to post this plot to observe behavior around support.

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⋅ 14 Th02 2019 08:50

GU just hit the critical supports

Closeup exact reflections

but bulls need to pull away from these supports quickly.

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Support and Resistance Fibonacci

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Boon2

⋅ 13 Th02 2019 05:29

Nice, I have similar view med. term, GBPUSD H1 Bearish Running Flat. Checkout the idea detail's and updates for my complete picture.

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