GBPUSD retracing continues, after rebound
Next week i expect that GBPUSD retrace to 0.382 Fibo at 1.34376 area, and after up again.
We know that the 3 pairs XAUUSD , EURUSD, GBPUSD are well correlated, not 100%, but when one falls, the others go to fall to, the difference is de velocity of each one that is always different. Some times GBPUSD, and other times one of the other pairs.
Thats why i think that next week we go to have a retrace on those 3 pairs.
Good luck for your trades.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
We know that the 3 pairs XAUUSD , EURUSD, GBPUSD are well correlated, not 100%, but when one falls, the others go to fall to, the difference is de velocity of each one that is always different. Some times GBPUSD, and other times one of the other pairs.
Thats why i think that next week we go to have a retrace on those 3 pairs.
Good luck for your trades.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.