GBP/USD on monthly (Fibo 6.854) Short

British Pound/U.S. DollarFXCM

Description

⋅ Oct 15, 2016 10:53 AM

GBP/USD on monthly chart
Candlesticks + Bollinger Bands breakouts + Fibonacci Retracement

⋅ Oct 18, 2016 8:46 AM

⋅ Apr 25, 2020 2:59 PM

Comments

RrrussT1

⋅ Oct 15, 2016 4:46 PM

I'd like to ask you ... "Do you think that the GBP/USD is MORE than a Short-Squeeze??

mgian65

⋅ Oct 15, 2016 10:09 PM

The price reversals are temporary, and don't indicate a change in the larger trend. Prior support levels became resistances.