InvestMate 💷💵 GBP/USD Attention Possible rebound 💷💵

💷💵 GBP/USD Attention Possible rebound

💷💵 Nearest strong support zone: around the 0.236 fibo level of the upward wave.

💷💵 Nearest strong resistance zone: around recent peaks.

💷💵 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: Uptrend

📊 RSI: Downtrend

💷💵 Price action: GBP/USD has been falling all day today mainly due to the weakness of the British pound as well as the strength of the US dollar. We are currently at the 0.618 level, which is the most important of all fibo levels, so I am closely monitoring the behavior of the price at the current level because the price may bounce up from it next week. It looks like we will have to wait a little longer for the declines to continue because the British pound has been really strong this week compared to the rest of the currencies.

📈 The scenario I am playing out is to wait for the right moment to continue the declines. I do not exclude changing the scenario in case of a sudden change in the market situation. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and carefully read the description.

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