GBPUSD approaching support: GU due for a bounce?

British Pound/U.S. DollarFXCM

Description

⋅ Feb 12, 2019 8:58 AM

There are several Fib extensions in confluence.
1.27865 is the crucial support that must hold.

Drag PRICE scale UP to remove overlap of zone numbers.
Drag TIME scale RIGHT to see more history and fibs.

I am not trading this pair due to random Brexit news.
But wanted to post this plot to observe behavior around support.

Comment

⋅ Feb 14, 2019 8:50 AM

GU just hit the critical supports

Closeup exact reflections

but bulls need to pull away from these supports quickly.

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Support and Resistance Fibonacci

Comments

Boon2

⋅ Feb 13, 2019 5:29 AM

Nice, I have similar view med. term, GBPUSD H1 Bearish Running Flat. Checkout the idea detail's and updates for my complete picture.