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#GBPUSD - Watch 38.2 Fib For Short & Long - Weekly Analysis

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
vikinsa Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Fibonacci Trend Lines GBPUSD weeklyanalysis Fibonacci Extension Fibonacci Cluster confluencetrading vikinsa
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fibonacci trendline gbpusd weeklyanalysis fibonacciextension fibonaccicluster confluencetrading vikinsa
Hi Traders, GBPUSD has been falling down after test of 61.8 fibonacci level but that is expected because of completion of a harmonic pattern. The last bound was from 38.2 fib level of this pattern and now if that level is broken, we can expect to move towards 50.0 or 61.8. At 50% we have confluence of 200SMA, trend line. So we must watch that area for taking profits on short trade and going long.

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