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TokieTV
Sep 24, 2022 8:42 AM

GBPUSD Will it hit PARITY? Long

British Pound/U.S. DollarFXCM

Description

We’ve all witnessed how GU went further down against USD with a 4% decrease, making it a historic low since 1985. This chart is purely based on TA so as you can see, a massive Liquidity Sweep was done and from said demand area, I am expecting it to hit around 1.1400 to produce an uptrend, which is badly needed by this currency. My target is 0.618 of the Fibonacci before a further descent down (if it does happen).
Comments
TokieTV
Do you think it will bounce from buy area?
dodysenjaya80
@TokieTV, maybe just do a retracement or retest to the last strong support breakout, cause everybody said the bearish is still very strong
TokieTV
@dodysenjaya80 true, hopefully it goes up there before this hits the fan
dodysenjaya80
i really like it man
TokieTV
@dodysenjaya80 thanks man
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