GBPUSD approaching support: GU due for a bounce?

British Pound / U.S. Dollar (FX:GBPUSD)

Updated

FX:GBPUSD British Pound / U.S. Dollar

Support and Resistance Fibonacci

supportandresistance fibonacci

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.

Comment:

GU just hit the critical supports

snapshot

Closeup exact reflections

snapshot

but bulls need to pull away from these supports quickly.

.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Related Ideas

about GBPUSD

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.