Gann Fan Analysis and Short Term Projection

GBPUSD has the probability to continue a downward retracement early next week after rejection of the fan angle currently being tested as resistance.

노트

The 1/1 angle was not respected and GBPUSD enjoyed a bull rally mid day on Friday. However, the 8/1 angle shows respect as strong resistance going into weekend trading, which may show potential to manifest as continuation to the downside in early week trading, ultimately reaching the forecast area after retracement.

노트

The retracement fan has been completely invalidated by massive buying in early Sunday trading. See my analysis here for two potential projections on where this incredible upward trajectory might ultimately end up by March: