Quick plot of possible GU retrace to continue. Currently sitting on support at previous lows. Red Fib series of drop indicates further down.
Dollar is weak, no doubt, but it should retrace more. Pound is well, the Pound, any news whips it around. There should be bears waiting for support to break.
1.268x ought to provide a decent little bounce at least. 1.272x is questionable support, strong bull would bounce it. 1.265x looks like solid support, conservative bulls should buy.
See some of my other Forex calls below. I also plot Crypto and some Stocks, check my Profile Page.
(scalp that ran hard) (perfect entry, huge profits) (warning just in time) (perfect top, still in play) (just in time, quick 70 pips) (caught most of the spike) (Perfect entry, still in play) (Upthrust warning just in time) (Fib extensions at work) (recent perfect entries) (recent perfect entries) (the very tippy-top a year ago) (almost at a long term target now)
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.