Hello traders,
The price seems to be in a supply zone from a longer time frame perspective, this area acted as a resistance level twice the last four months, from the 4H time frame we see some decrease in momentum.
Friday GBP/USD closed below inside support level (1.23432).
A drop around the 61.8% Fibonacci retracement level may occur
The price seems to be in a supply zone from a longer time frame perspective, this area acted as a resistance level twice the last four months, from the 4H time frame we see some decrease in momentum.
Friday GBP/USD closed below inside support level (1.23432).
A drop around the 61.8% Fibonacci retracement level may occur