FX:GBPUSD   British Pound / U.S. Dollar
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This pair is clearly in a downtrend on the larger timeframes. Price recently made a lower low and now seems to be in retracement mode. I am looking for a retracement to the 61.8 fib level around 1.53, which also will be a retest of a minor daily counter trendline . If price respects this level, we could see further downside to retest the lows at 1.50 and possible further to the 27.2 extension at 1.49.
Eyeing 1.4500000 ;)
+1 Reply
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