Fr33zerPop

Fib Fan Resistance for GBPUSD

FX:GBPUSD   Pound Sterling/U.S. Dollar
38 0 1
This fib fan resistance shows GBPUSD             in a narrow fan channel. Prudence would suggest waiting for pullbacks and long entries for as long as this channel holds. Because we're below the 1x1 line (red on this chart), I expect it to break down at some near point an at least touch down to the 0.75 blue line. I wouldn't be surprised if it connects exactly with the final vertical line at .075. Strength would connect it at 1.0, weakness at .618 or even .5 if the trend reverses. The analysis here is trying to project exactly WHEN it would connect with those key levels.
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