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mattibrown2145

GBP/USD 61.8% Fib retracement

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
mattibrown2145 Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex GBPUSD
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trendanalysis forex gbpusd
There is a pull back that is resisting at the 61.8% Fibonacci retracement, which is proving to be a strong line of resistance. The lows of this new wave are testing around the 1.2300 are which is where I believe this should fall down to as it continues in its consolidation.

Comment:
This simple but effective setup worked to perfection with the price coming right past my TP.
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