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Emmanuel_Ailen

GBPUSD | FIBONACCI RETRACEMENT

Short
British Pound / U.S. Dollar (OANDA:GBPUSD)  
Emmanuel_Ailen  
OANDA:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns Fibonacci Retracement priceaction GBPUSD forexsignals gbpusdshort confluence
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trendanalysis harmonicpatterns chartpattern fibonacciretracement priceaction gbpusd forexsignals gbpusdshort confluence
Hello Traders!

Price invalidated the channel and currently forming a bearish signal over Resistance area at 1.2260 which was formerly Support of the invalidated channel and looking at the chart pattern, price is rejecting the fibs 50% retracement level, this is confluence, rooting to short this pair down to around 1.1950 level.

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Regards
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