My Weekly view for GBP USD is upside potential as break of 17 ema weekly to retest the weekly top.
Right now broken the trendline of the hourly and retested the midway .618 & .786 range fib level of hourly retrace. Now there is potential for support to bounce off the 222 ema hourly and the fib level key reversal area in the range of the hourly support zone.
I'm looking for a low risk long from here and the potential is high.
Also on the weekly the stochastic rsi is bullish.
On this re entry I'm risking about 11 pips for high potential upside.
Right now broken the trendline of the hourly and retested the midway .618 & .786 range fib level of hourly retrace. Now there is potential for support to bounce off the 222 ema hourly and the fib level key reversal area in the range of the hourly support zone.
I'm looking for a low risk long from here and the potential is high.
Also on the weekly the stochastic rsi is bullish.
On this re entry I'm risking about 11 pips for high potential upside.