justatrader

GBPUSD - A quick rally then a drop

FX:GBPUSD   British Pound/U.S. Dollar
116 0 0
Just playing around with Supply/Demand levels and then plotting Fibs from the Daily chart . I notice some interesting points of confluence. Note that the S/D levels were plotted on H1 and then the Fibs were plotted. If that's saying something.

Overall, this could be one last retracement for the GBPUSD             before price heads to the 1.4xxxxx level.
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