GBPUSD Retracement? 21.09.2021 Long

GBP/USDOANDA

Description

⋅ Sep 21, 2021 7:47 AM

It is clear that the pair has been suffering a long fall since the 16th of Sept.

The Fibo retracement looks promising and further fall is unlikely without a retracement first at least where the blue arrow indicates.

No significant news/reports for the GBP or the USD to push the pair further down are scheduled so probability of upward retracement is on our side.

Comments

UnknownUnicorn5944879

⋅ Sep 21, 2021 2:14 PM

Doesn't look good do far. There might be a breakout downwards at 1.364. IF that will be the case, then next stop should be 1.3600.

UnknownUnicorn5944879

⋅ Sep 22, 2021 8:02 AM

@Human_Capital_Pro, 22.09.2021-The GBPUSD had a small retracement to 1.37 but then started to fall. The breakout indeed happened downwards after reaching 1.364 end expected to reach at least 1.360