GBPUSD
It is a quiet day for the advance of the
GBPUSD
GBP/USD. Today there are no economic indicators from the UK to present. A lack of economic indicators leaves GBP/USD risk-averse to economic markets, while weaker economic indicators in China, Europe and the US have rekindled the sentiment as central banks remain They can use it.
From the point of view of technical analysis, the GBP/USD is fluctuating in a one-hour time frame in a descending channel that is drawn and according to the upward trend formed from the bottom of the channel, now to The parity ratio seems to be undergoing a corrective trend from the recent rise, and it is likely that as long as the rate above the 50% Fibo support (No hourly candle closes are recorded below it) then the Price is also expected that the rate intends to complete the BEARISH BUTTERFLY harmonic pattern to 1.2807-1.2801, in the meantime, the XA wave roof resistance at 1.2761 is seen will be.
Comment:
It's just hit the target. see what a beautiful reaction to 50% FIB yesterday
Dara Golbon