GBP/USD : Chart of the week

FX:GBPUSD   British Pound / U.S. Dollar
The daily chart shows us a bearish engulfing candle, formed at this resistance line of 1.5780. So we might see a pullback into:

- TL ( 3rd bounce )
- Fib level(s) 38% ( or 50% )
- Zone of support ( where last higher high was formed )

It is here, that we want to go long again and fulfill the fib play and follow the uptrend

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