This pair even though its a cryptocurrency is respecting perfectly everything we know about Fibonacci, it has respected the Fib Levels of 38%, 50% and 68% like a champ. Right now it hasn't moved much for 4 days making very small candlesticks.
The target would be the long term 1.272 Fib Level which would be the price of 31536 for 2018.
At the daily chart , a correction to a strong downward impulse has been completed. We have reached the 61% Fib Level that also happens to be a past Support & Resistance level. I don't think the price will make any new highs right now, according to my analysis everything says sell. Take profits were calculated via Fib Extensions and S/R Zones
GBPUS has successfully broken a past resistance level 1.3130 (blue dotted line) and right now its finishing making a correction to the 61% and 50% Fibonacci levels, using the Fibonacci Extension tool I can calculate a Take Profit level which is 1.3210. If price breaks the red dotted line at 1.3200 which is also a support zone, then the trade will be canceled.
PRICE HAS CORRECTED AND HAS TOUCHED THE 61.8% FIB LEVEL WHICH IS ALSO A S/R LEVEL. YOU CAN ENTER THE TRADE AT THAT LEVEL AND SET THE STOP LOSS BELOW THE RECTANGLE AREA. FIB EXTENSION 100% ITS OUR TAKE PROFIT LEVELhttps://www.tradingview.com/x/2jbWKFt1/