nicoacademia
Short

Longer term levels for GBPUSD

FX:GBPUSD   British Pound/U.S. Dollar
293 2 0
we have the 50.0 fib that coincides with a small gap in price

we have the 61.8 which was broken resistence turned into present support

expect big wiggles here and there after such a big down day today as energy is released.

course of action for the next 2-3weeks: sell rallies until these levels come into play.
a bullish close today will negate this idea as it means it has found support instead at the 38.2 fib which is clearly marked.

if the bullish close does happen expect price to retest the last highest high.
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be well aware... the fall was heavily bought into. i don't like how this is turning out. i'm closing this idea out. and any bearishness is now ignored.
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