GBP 12500 RESISTANCE !!! WHERE TO NEXT HIGHER,LOWER OR SIDEWAYS?
FROM 13500 or 13200 whichever you choose the high to be prices dropped to 11405 then reversed higher to 12485(12500) this is about 50%or 62% from 13500 or 13200... do you see where this is going to?
If X= 13500? OR 13200?, A=11405, B=12485(50% or 62%), now in C, C= 12075-11940 reverse from here to continue higher or get to 11820-11660 then reverse higher
for the D leg , D= 12820-13000 or upto 13200-13330.
there are a couple of fib relations that equate to these prices ranges, break below 11500-11400 then headed lower will update as it unfolds
If X= 13500? OR 13200?, A=11405, B=12485(50% or 62%), now in C, C= 12075-11940 reverse from here to continue higher or get to 11820-11660 then reverse higher
for the D leg , D= 12820-13000 or upto 13200-13330.
there are a couple of fib relations that equate to these prices ranges, break below 11500-11400 then headed lower will update as it unfolds
